Park Hotels & Resorts (Park Hotels & Resorts) Debt-to-Equity : 1.24 (As of Dec. 2023)

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What is Park Hotels & Resorts Debt-to-Equity?

Park Hotels & Resorts's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Park Hotels & Resorts's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,713 Mil. Park Hotels & Resorts's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3,814 Mil. Park Hotels & Resorts's debt to equity for the quarter that ended in Dec. 2023 was 1.24.

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 Park Hotels & Resorts's Debt-to-Equity or its related term are showing as below:

PK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.49 Med: 1.1 Max: 1.62
Current: 1.24

During the past 11 years, the highest Debt-to-Equity Ratio of Park Hotels & Resorts was 1.62. The lowest was 0.49. And the median was 1.10.

PK's Debt-to-Equity is ranked worse than
77.27% of 673 companies
in the REITs industry
Industry Median: 0.78 vs PK: 1.24

Park Hotels & Resorts Debt-to-Equity Historical Data

The historical data trend for Park Hotels & Resorts'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.

Park Hotels & Resorts Debt-to-Equity Chart

Park Hotels & Resorts Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.64

1.10

1.13

1.24

Park Hotels & Resorts 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	Get a 7-Day Free Trial															1.13	1.13	1.16	1.18	1.24

Competitive Comparison of Park Hotels & Resorts's Debt-to-Equity

For the REIT - Hotel & Motel subindustry, Park Hotels & Resorts'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.

Park Hotels & Resorts's Debt-to-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Park Hotels & Resorts's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Park Hotels & Resorts's Debt-to-Equity falls into.

Park Hotels & Resorts Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Park Hotels & Resorts'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	+	4713)	/	3814
	=	1.24

Park Hotels & Resorts'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	+	4713)	/	3814
	=	1.24

Park Hotels & Resorts (NYSE:PK) 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.

Park Hotels & Resorts Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Park Hotels & Resorts's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Park Hotels & Resorts (Park Hotels & Resorts) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Park Hotels & Resorts Inc (NYSE:PK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HIP:Germany

Address

1775 Tysons Boulevard, 7th Floor, Tysons, VA, USA, 22102

Website

https://www.pkhotelsandresorts.com

Park Hotels & Resorts owns upper-upscale and luxury hotels with 26,373 rooms across 41 hotels in the United States. Park also has interests through joint ventures in another 2,656 rooms in four U.S. hotels. Park was spun out of narrow-moat Hilton Worldwide Holdings at the start of 2017, so most of the company's hotels are still under Hilton brands. The company has sold all its international hotels and many of its lower-quality U.S. hotels to focus on high-quality assets in domestic gateway markets.

Executives

Geoffrey Garrett	director	C/O PARK HOTELS & RESORTS, 1775 TYSONS BOULEVARD, 7TH FLOOR, TYSONS VA 22102
Thomas D Eckert	director	1997 ANNAPOLIS EXCHANGE PARKWAY, SUITE 410, ANNAPOLIS MD 21401
Nancy M. Vu	officer: SVP,Gen. Counsel & Secretary	1775 TYSONS BLVD., 7TH FLOOR, TYSONS VA 22102
Thomas A Natelli	director	1997 ANNAPOLIS EXCHANGE PARKWAY, SUITE 410, ANNAPOLIS MD 21401
Jill C Olander	officer: See Remarks	C/O PARK HOTELS & RESORTS INC., 1775 TYSONS BLVD., 7TH FLOOR, TYSONS VA 22102
Baltimore Thomas J Jr	director, officer: See Remarks	PARK HOTELS & RESORTS INC., 1775 TYSONS BLVD, 7TH FLOOR, TYSONS VA 22102
Darren W Robb	officer: See Remarks	C/O PARK HOTELS & RESORTS INC., 1775 TYSONS BLVD., 7TH FLOOR, TYSONS VA 22102
Carl A. Mayfield	officer: EVP, Design and Construction	C/O PARK HOTELS & RESORTS INC., 1775 TYSONS BLVD, 7TH FLOOR, TYSONS VA 22102
Matthew Abram Sparks	officer: See Remarks	C/O HILTON GRAND VACATIONS, 5323 MILLENIA LAKES BLVD., SUITE 400, ORLANDO FL 32839
Hna Tourism Group Co., Ltd.	10 percent owner	HNA BUILDING, NO. 7 GUOXING ROAD, HAIKOU F4 570203
Stephen I Sadove	director
Mu Xianyu	director	C/O PARK HOTELS & RESORTS INC., 1600 TYSONS BOULEVARD, STE. 1000, MCLEAN VA 22102
Blackstone Real Estate Associates Vi L.p.	10 percent owner	C/O THE BLACKSTONE GROUP, 345 PARK AVE., NEW YORK NY 10154
Blackstone Real Estate Partners Vi.te.2 Prime L.p.	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154
Hlt Holdco Iii Prime Llc	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154