Accor (WBO:AC) Debt-to-Equity

: 0.68 (As of Dec. 2023)

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Accor's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €843 Mil. Accor's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €2,526 Mil. Accor's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €4,931 Mil. Accor's debt to equity for the quarter that ended in Dec. 2023 was 0.68.

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

WBO:AC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.52 Med: 0.67 Max: 0.93
Current: 0.68

During the past 13 years, the highest Debt-to-Equity Ratio of Accor was 0.93. The lowest was 0.52. And the median was 0.67.

WBO:AC's Debt-to-Equity is ranked worse than
59.62% of 686 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs WBO:AC: 0.68

Accor Debt-to-Equity Historical Data

The historical data trend for Accor'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.

Accor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.53

0.93

0.82

0.66

0.68

Accor 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																0.82	0.73	0.66	0.67	0.68

Competitive Comparison

For the Lodging subindustry, Accor'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.

Accor Debt-to-Equity Distribution

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

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

Accor Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Accor'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
	=	(843	+	2526)	/	4931
	=	0.68

Accor'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
	=	(843	+	2526)	/	4931
	=	0.68

Accor (WBO:AC) 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.

Accor Debt-to-Equity Related Terms

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

Accor (WBO:AC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Accor SA (WBO:AC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ACRFF:USA ACCYY:USA ACC:Mexico ACp:UK 0H59:UK AC:France ACR:Germany

Address

82, Rue Henri Farman, Tour Sequana, Issy-les-Moulineaux, Paris, FRA, 92130

Website

https://group.accor.com

Accor operates 812,425 rooms across 46 brands addressing the economy through luxury segments, as of Sept. 30, 2023. Ibis (economy scale) is the largest brand (37% of total rooms at the end of 2022), followed by mid scale brands Mercure (16%) and Novotel (14%). FRHI offers additional luxury and North American exposure. After the sale of the majority of HotelInvest (owned assets) in 2018-19, the majority of total EBITDA comes from asset-light managed and franchised hotels. Northern Europe represents 21% of rooms, Southern Europe 23%, Asia-Pacific region 32%, Americas 12%, and India, Middle East, and Africa 12%. Premium, midscale, and economy are 86% of total rooms, while luxury and lifestyle are the remaining 14%.