Booking Holdings (MEX:BKNG) LT-Debt-to-Total-Asset : 0.51 (As of Mar. 2024)

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What is Booking Holdings LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Booking Holdings's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.51.

Booking Holdings's long-term debt to total assets ratio increased from Mar. 2023 (0.47) to Mar. 2024 (0.51). It may suggest that Booking Holdings is progressively becoming more dependent on debt to grow their business.

Booking Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Booking Holdings's LT-Debt-to-Total-Asset 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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Booking Holdings LT-Debt-to-Total-Asset Chart

Booking Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.38

0.52

0.39

0.49

0.53

Booking Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.47	0.52	0.48	0.53	0.51

Booking Holdings LT-Debt-to-Total-Asset Calculation

Booking Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	217643.808	/	413187.145
	=	0.53

Booking Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	232247.993	/	460180.959
	=	0.50

Booking Holdings (MEX:BKNG) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Booking Holdings LT-Debt-to-Total-Asset Related Terms

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Booking Holdings (MEX:BKNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Booking Holdings Inc (MEX:BKNG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

BKNG:USA 1BKNG:Italy 0W2Y:UK PCE1:Germany BKNG34:Brazil

Address

800 Connecticut Avenue, Norwalk, CT, USA, 06854

Website

https://www.bookingholdings.com

Booking is the world's largest online travel agency by sales, offering booking and payment services for hotel and alternative accommodation rooms, airline tickets, rental cars, restaurant reservations, cruises, experiences, and other vacation packages. The company operates a number of branded travel booking sites, including Booking.com, Agoda, OpenTable, and Rentalcars.com, and has expanded into travel media with the acquisitions of Kayak and Momondo. Transaction fees for online bookings account for the bulk of revenue and profits.