Wyndham Hotels & Resorts Inc (WH)

Debt-to-capital ratio

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Long-term debt US$ in thousands 2,201,000 2,160,000 2,058,000 2,077,000 2,077,000 2,078,000 2,078,000 2,079,000 2,084,000 2,088,000 2,092,000 2,592,000 2,597,000 2,835,000 2,847,000 2,852,000 2,122,000 2,127,000 2,131,000 2,136,000
Total stockholders’ equity US$ in thousands 746,000 856,000 880,000 936,000 962,000 1,056,000 1,096,000 1,159,000 1,089,000 1,123,000 1,060,000 991,000 963,000 963,000 933,000 1,112,000 1,212,000 1,112,000 1,300,000 1,364,000
Debt-to-capital ratio 0.75 0.72 0.70 0.69 0.68 0.66 0.65 0.64 0.66 0.65 0.66 0.72 0.73 0.75 0.75 0.72 0.64 0.66 0.62 0.61

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,201,000K ÷ ($2,201,000K + $746,000K)
= 0.75

The debt-to-capital ratio of Wyndham Hotels & Resorts Inc has been gradually increasing from 0.64 in Q1 2022 to 0.75 in Q4 2023. This indicates that the company's level of debt in relation to its total capital has been increasing over this period. Despite some fluctuations, the trend suggests a rising reliance on debt financing compared to equity financing. It would be important for stakeholders to monitor this trend to ensure the company's debt levels remain sustainable and in line with its overall capital structure strategy.


Peer comparison

Dec 31, 2023