Travel+Leisure Co (Travel+Leisure Co) Debt-to-Equity : -6.40 (As of Mar. 2024)

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What is Travel+Leisure Co Debt-to-Equity?

Travel+Leisure Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0 Mil. Travel+Leisure Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $5,924 Mil. Travel+Leisure Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-926 Mil. Travel+Leisure Co's debt to equity for the quarter that ended in Mar. 2024 was -6.40.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Travel+Leisure Co's Debt-to-Equity or its related term are showing as below:

TNL' s Debt-to-Equity Range Over the Past 10 Years
Min: -10.86 Med: -5.73 Max: 9.81
Current: -6.4

During the past 13 years, the highest Debt-to-Equity Ratio of Travel+Leisure Co was 9.81. The lowest was -10.86. And the median was -5.73.

TNL's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.47 vs TNL: -6.40

Travel+Leisure Co Debt-to-Equity Historical Data

The historical data trend for Travel+Leisure Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Travel+Leisure Co Debt-to-Equity Chart

Travel+Leisure Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-10.86

-6.74

-6.80

-6.30

-6.25

Travel+Leisure Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-5.54	-5.50	-5.58	-6.25	-6.40

Competitive Comparison of Travel+Leisure Co's Debt-to-Equity

For the Travel Services subindustry, Travel+Leisure Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Travel+Leisure Co's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Travel+Leisure Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Travel+Leisure Co's Debt-to-Equity falls into.

Travel+Leisure Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Travel+Leisure Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	5733)	/	-918
	=	-6.25

Travel+Leisure Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	5924)	/	-926
	=	-6.40

Travel+Leisure Co (NYSE:TNL) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Travel+Leisure Co Debt-to-Equity Related Terms

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Travel+Leisure Co (Travel+Leisure Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Travel+Leisure Co (NYSE:TNL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

0M1K:UK

Address

6277 Sea Harbor Drive, Orlando, FL, USA, 32821

Website

https://www.travelandleisureco.com

Travel+Leisure Co is a membership and leisure travel company. It provides hospitality services and travel products. The company operates in the segments of Vacation Ownership, which is the key revenue-driving segment, develops, markets and sells vacation ownership interests (VOIs) to individual consumers, provides consumer financing in connection with the sale of VOIs, and provides property management services at resorts and Travel and Membership which operates a variety of travel businesses, including three vacation exchange brands, a home exchange network, travel technology platforms, travel memberships, and direct-to-consumer rentals. Majority of the revenue is earned from United States.

Executives

Olivier Chavy	officer: See remarks	C/O TRAVEL + LEISURE CO., 6277 SEA HARBOR DRIVE, ORLANDO FL 32821
George Herrera	director	HERRERA-CRISTINA GROUP, LTD., 4222 FORTUNA CENTER PLAZA, #621, MONTCLAIR VA 22025
Michael Dean Brown	director, officer: See Remarks	C/O WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054
Amandine Robin-caplan	officer: See remarks	C/O TRAVEL + LEISURE CO., 6277 SEA HARBOR DRIVE, ORLANDO FL 32821
Thomas Michael Duncan	officer: SVP, Chief Accounting Officer	C/O TRAVEL + LEISURE CO., 6277 SEA HARBOR DRIVE, ORLANDO FL 32821
James J Savina	officer: See Remarks	ONE PPG PLACE, PITTSBURGH PA 15222
Geoffrey Richards	officer: See Remarks	C/O WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054
Sy Esfahani	officer: Chief Technology Officer	C/O TRAVEL + LEISURE CO., 6277 SEA HARBOR DRIVE, ORLANDO FL 32821
Lucinda Martinez	director	C/O TRAVEL + LEISURE CO., 6277 SEA HARBOR DRIVE, ORLANDO FL 32821
Stephen P Holmes	director	C/O CENDANT, 9 WEST 57TH, NEW YORK NY 10019
Denny Marie Post	director	C/O BURGER KING HOLDINGS, INC., 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Noah Brodsky	officer: Chief Brand Officer	C/O WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054
Kimberly Marshall	officer: Chief Human Resources Officer	C/O WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054
Brad Dettmer	officer: Chief Information Officer	C/O WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054
Michael H Wargotz	director	AXCESS WORLDWIDE, 515 MADISON AVE., 15TH FLOOR, NEW YORK NY 10022