Marriott Vacations Worldwide (Marriott Vacations Worldwide) Debt-to-Equity

: 2.16 (As of Dec. 2023)

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Marriott Vacations Worldwide's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Marriott Vacations Worldwide's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5,145 Mil. Marriott Vacations Worldwide's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,382 Mil. Marriott Vacations Worldwide's debt to equity for the quarter that ended in Dec. 2023 was 2.16.

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 Marriott Vacations Worldwide's Debt-to-Equity or its related term are showing as below:

VAC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.65 Med: 1.23 Max: 2.16
Current: 2.16

During the past 13 years, the highest Debt-to-Equity Ratio of Marriott Vacations Worldwide was 2.16. The lowest was 0.65. And the median was 1.23.

VAC's Debt-to-Equity is ranked worse than
84.4% of 686 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs VAC: 2.16

Marriott Vacations Worldwide Debt-to-Equity Historical Data

The historical data trend for Marriott Vacations Worldwide'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.

Marriott Vacations Worldwide Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.35

1.61

1.51

2.01

2.16

Marriott Vacations Worldwide Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																2.01	2.04	2.03	2.10	2.16

Competitive Comparison

For the Resorts & Casinos subindustry, Marriott Vacations Worldwide'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.

Marriott Vacations Worldwide Debt-to-Equity Distribution

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

* The bar in red indicates where Marriott Vacations Worldwide's Debt-to-Equity falls into.

Marriott Vacations Worldwide Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Marriott Vacations Worldwide'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	+	5145)	/	2382
	=	2.16

Marriott Vacations Worldwide'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
	=	(0	+	5145)	/	2382
	=	2.16

Marriott Vacations Worldwide (NYSE:VAC) 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.

Marriott Vacations Worldwide Debt-to-Equity Related Terms

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Marriott Vacations Worldwide (Marriott Vacations Worldwide) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Marriott Vacations Worldwide Corp (NYSE:VAC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

VAC:Mexico M8V:Germany M8V:Germany

Address

9002 San Marco Court, Orlando, FL, USA, 32819

Website

https://www.marriottvacationsworldwide.com

Marriott Vacations Worldwide Corp functions in the United States leisure industry. It owns and manages a cluster of resorts and accommodation facilities under trademarks like Marriott Vacation Club, Grand Residencies, and The Ritz-Carlton Destination Club predominantly in the United States. Some of its properties are also spread across Europe and Asia Pacific. Marriott's major revenue components include the sale of vacation ownership products such as luxurious vacation packages. In addition, it offers purchase money financing to the end users of its core services. The company operates in two reportable segments: Vacation Ownership and Exchange & Third-Party Management. The majority of revenue is derived from the Vacation Ownership segment.

Executives

Jason P Marino	officer: EVP, Chief Financial Officer	9002 SAN MARCO COURT, ORLANDO FL 32819
Anthony E Terry	officer: EVP, CFO	9002 SAN MARCO COURT, ORLANDO FL 32819
Geller John E Jr	officer: Exec. VP and CFO	6649 WESTWOOD BLVD., ORLANDO FL 32821
Raman Bukkapatnam	officer: EVP & CIO	9002 SAN MARCO COURT, ORLANDO FL 32819
Dwight D. Smith	officer: Sr. VP & CIO	6649 WESTWOOD BLVD., ORLANDO FL 32821
Stephanie Sobeck Butera	officer: EVP & COO of HVO	9002 SAN MARCO CT, ORLANDO FL 32819
Michael E. Yonker	officer: Sr. VP & Chief HR Officer	6649 WESTWOOD BLVD., ORLANDO FL 32821
Lizabeth Kane-hanan	officer: Exec. VP & Chief Growth & Inv.	6649 WESTWOOD BLVD., ORLANDO FL 32821
Kathleen A. Pighini	officer: SVP and CAO	9002 SAN MARCO COURT, ORLANDO FL 32819
Jonice Gray Tucker	director	9002 SAN MARCO COURT, ORLANDO FL 32819
R. Lee Cunningham	officer: Exec VP & COO-N.Am & Carribean	6649 WESTWOOD BLVD., ORLANDO FL 32821
Melquiades R. Martinez	director	450 SOUTH ORANGE AVENUE, SUITE 250, ORLANDO FL 32801-3443
Hunter James H. Iv	officer: Exec. VP & General Counsel	6649 WESTWOOD BLVD., ORLANDO FL 32821
Brian E. Miller	officer: ExecVP-Sales,Marketing&ServOp	6649 WESTWOOD BLVD., ORLANDO FL 32821
Stephen P Weisz	director, officer: President & CEO	6649 WESTWOOD BLVD., ORLANDO FL 32821