InterContinental Hotels Group (InterContinental Hotels Group) Debt-to-Equity : -1.84 (As of Dec. 2023)

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What is InterContinental Hotels Group Debt-to-Equity?

InterContinental Hotels Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $629 Mil. InterContinental Hotels Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,963 Mil. InterContinental Hotels Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-1,950 Mil. InterContinental Hotels Group's debt to equity for the quarter that ended in Dec. 2023 was -1.84.

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 InterContinental Hotels Group's Debt-to-Equity or its related term are showing as below:

IHG' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.36 Med: -1.88 Max: 5.39
Current: -1.84

During the past 13 years, the highest Debt-to-Equity Ratio of InterContinental Hotels Group was 5.39. The lowest was -2.36. And the median was -1.88.

IHG's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.47 vs IHG: -1.84

InterContinental Hotels Group Debt-to-Equity Historical Data

The historical data trend for InterContinental Hotels Group'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.

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InterContinental Hotels Group Debt-to-Equity Chart

InterContinental Hotels Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-1.92

-2.27

-2.20

-1.75

-1.84

InterContinental Hotels Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-2.20	-2.58	-1.75	-1.61	-1.84

Competitive Comparison of InterContinental Hotels Group's Debt-to-Equity

For the Lodging subindustry, InterContinental Hotels Group'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.

InterContinental Hotels Group's Debt-to-Equity Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where InterContinental Hotels Group's Debt-to-Equity falls into.

InterContinental Hotels Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

InterContinental Hotels Group'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
	=	(629	+	2963)	/	-1950
	=	-1.84

InterContinental Hotels Group's Debt to Equity Ratio for the quarter 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
	=	(629	+	2963)	/	-1950
	=	-1.84

InterContinental Hotels Group (NYSE:IHG) 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.

InterContinental Hotels Group Debt-to-Equity Related Terms

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InterContinental Hotels Group (InterContinental Hotels Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » InterContinental Hotels Group PLC (NYSE:IHG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ICHGF:USA IHGl:UK IHG:UK IC1B:Germany I1HG34:Brazil

Address

1 Windsor Dials, Arthur Road, Windsor, Berkshire, GBR, SL4 1RS

Website

http://www.ihgplc.com

InterContinental Hotels Group operates 930,000 rooms across 18 brands addressing the midscale through luxury segments, as of Sept. 30, 2023. Holiday Inn and Holiday Inn Express constitute the largest brand, while Hotel Indigo, Even, Hualuxe, Kimpton, and Voco are newer lifestyle brands experiencing strong demand. The company launched a midscale brand, Avid, in summer 2017 and closed on a 51% stake in Regent Hotels in July 2018. It acquired Six Senses in February 2019 and launched another midscale brand, Garner, in 2023. Managed and franchised represent 99% of total rooms. As of Sept. 30, 2023, the Americas represents 56% of total rooms, with greater China accounting for 18%; Europe, Asia, the Middle East, and Africa make up 26%.