Marriot Vacations Worldwide (VAC)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,442,000 | 2,382,000 | 2,496,000 | 2,976,000 | 2,651,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,442,000K
= 0.00
The debt-to-equity ratio of Marriot Vacations Worldwide has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has been operating with no debt or a minimal amount of debt relative to its equity during this period. A debt-to-equity ratio of 0.00 suggests that the company is primarily funded by equity capital rather than debt. This low ratio may imply a lower financial risk and a stronger financial position, as the company has a lower level of financial leverage and is not heavily reliant on borrowed funds.