Marriott International (Marriott International) Debt-to-Equity

: -18.71 (As of Dec. 2023)

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Marriott International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $553 Mil. Marriott International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $12,207 Mil. Marriott International's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-682 Mil. Marriott International's debt to equity for the quarter that ended in Dec. 2023 was -18.71.

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 International's Debt-to-Equity or its related term are showing as below:

MAR' s Debt-to-Equity Range Over the Past 10 Years
Min: -18.71 Med: 3.25 Max: 26.04
Current: -18.71

During the past 13 years, the highest Debt-to-Equity Ratio of Marriott International was 26.04. The lowest was -18.71. And the median was 3.25.

MAR's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.47 vs MAR: -18.71

Marriott International Debt-to-Equity Historical Data

The historical data trend for Marriott International'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 International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

16.82

26.04

7.95

19.54

-18.71

Marriott International 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																19.54	83.44	-54.89	-19.27	-18.71

Competitive Comparison

For the Lodging subindustry, Marriott International'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 International Debt-to-Equity Distribution

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

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

Marriott International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Marriott International'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
	=	(553	+	12207)	/	-682
	=	-18.71

Marriott International'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
	=	(553	+	12207)	/	-682
	=	-18.71

Marriott International (NAS:MAR) 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 International Debt-to-Equity Related Terms

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Marriott International (Marriott International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Marriott International Inc (NAS:MAR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MAR:Mexico 1MAR:Italy MAQ:Germany MAQ:Germany M1TT34:Brazil MAR:Austria

Address

7750 Wisconsin Avenue, Bethesda, MD, USA, 20814

Website

https://www.marriott.com

Marriott operates 1.6 million rooms across roughly 30 brands. At the end of 2022, luxury represented roughly 10% of total rooms, while full service and limited service were about 40% and 50%, respectively. Marriott, Courtyard, and Sheraton are the largest brands, while Autograph, Tribute, Moxy, Aloft, and Element are newer lifestyle brands. Managed and franchised represent 99% of total rooms as of Sept. 30, 2023. North America makes up two thirds of total rooms. Managed, franchise, and incentive fees represent the vast majority of revenue and profitability for the company.

Executives

Anthony Capuano	officer: EVP - Lodging Development	10400 FERNWOOD ROAD, BETHESDA MD 20817
Felitia Lee	officer: Controller and CAO	10400 FERNWOOD ROAD, BETHESDA MD 20817
Rajeev Menon	officer: President, APEC	7750 WISCONSIN AVE, BETHESDA MD 20814-3522
Deborah Marriott Harrison	other: 13D group owning more than 10%	10400 FERNWOOD ROAD, BETHESDA MD 20817
Kathleen K. Oberg	officer: CFO	10400 FERNWOOD ROAD, BETHESDA MD 20817
Juliana B. Marriott	other: 13D Group owning more than 10%	10400 FERNWOOD ROAD, BETHESDA MD 20817
Juliana B. Marriott Marital Trust	other: Member of a 10% Group	6106 MACARTHER BOULEVARD, SUITE 110, BETHESDA MD 20816
David S Marriott	other: 13D group owning more than 10%	10400 FERNWOOD ROAD, BETHESDA MD 20817
Peggy Fang Roe	officer: EVP & Chf. Customer Officer	100 COMMERCE LANE, APT. 1401, BETHESDA MD 20814
Rena Hozore Reiss	officer: EVP & General Counsel	71 SOUTH WACKER DRIVE, 12TH FLOOR, CHICAGO IL 60606
Drew Pinto	officer: EVP, Chf. Rev & Technology	7750 WISCONSIN AVE, BETHESDA MD 20814-3522
William P Brown	officer: Pres. & Managing Dir., Europe	10400 FERNWOOD ROAD, BETHESDA MD 20817
Benjamin T. Breland	officer: EVP & Chief HR Officer	10400 FERNWOOD ROAD, BETHESDA MD 20817
Eric Hippeau	director	STARWOOD HOTELS & RESORTS WORLDWIDE, 44 SOUTH BROADWAY, WHITE PLAINS NY 10601
Grant Reid	director	7750 WISCONSIN AVE, BETHESDA MD 20814-3522