Marriot Vacations Worldwide (VAC)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,382,000 | 2,496,000 | 2,976,000 | 2,651,000 | 3,019,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,382,000K
= 0.00
The debt-to-equity ratio of Marriott Vacations Worldwide Corp has increased steadily from 1.35 in 2019 to 2.16 in 2023. This indicates that the company has been relying more on debt financing relative to equity over the years. A higher debt-to-equity ratio may suggest that the company carries a higher level of financial risk as it is using more debt to finance its operations and growth. It is important to monitor this ratio closely as it could impact the company's ability to manage debt payments and potentially lead to financial distress if not managed effectively. Further analysis of the company's debt structure and overall financial health would be necessary to fully understand the implications of this increasing trend in the debt-to-equity ratio.