Wyndham Hotels & Resorts Inc (WH)
Debt-to-equity 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-equity ratio | 2.95 | 2.52 | 2.34 | 2.22 | 2.16 | 1.97 | 1.90 | 1.79 | 1.91 | 1.86 | 1.97 | 2.62 | 2.70 | 2.94 | 3.05 | 2.56 | 1.75 | 1.91 | 1.64 | 1.57 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,201,000K ÷ $746,000K
= 2.95
The debt-to-equity ratio of Wyndham Hotels & Resorts Inc has been fluctuating over the past eight quarters, ranging from 1.79 to 2.95. An increasing trend in the ratio suggests that the company is relying more on debt to finance its operations and growth, potentially indicating higher financial risk.
The gradual rise in the ratio from Q1 2022 to Q4 2023 may signify a shift towards a more leveraged capital structure. This could have implications for the company's financial health and ability to meet its debt obligations in the long term. It is important for investors and stakeholders to closely monitor this trend and assess the company's overall debt management strategy in relation to its equity position.
Peer comparison
Dec 31, 2023