Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Airbnb Inc., solvency ratios (quarterly data)
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Airbnb Inc. debt to equity ratio improved from Q2 2023 to Q3 2023 but then slightly deteriorated from Q3 2023 to Q4 2023. |
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Airbnb Inc. debt to equity ratio (including operating lease liability) improved from Q2 2023 to Q3 2023 but then slightly deteriorated from Q3 2023 to Q4 2023. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Airbnb Inc. debt to capital ratio improved from Q2 2023 to Q3 2023 but then slightly deteriorated from Q3 2023 to Q4 2023. |
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Airbnb Inc. debt to capital ratio (including operating lease liability) improved from Q2 2023 to Q3 2023 but then slightly deteriorated from Q3 2023 to Q4 2023. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Airbnb Inc. debt to assets ratio improved from Q2 2023 to Q3 2023 but then deteriorated significantly from Q3 2023 to Q4 2023. |
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Airbnb Inc. debt to assets ratio (including operating lease liability) improved from Q2 2023 to Q3 2023 but then deteriorated significantly from Q3 2023 to Q4 2023. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Airbnb Inc. financial leverage ratio decreased from Q2 2023 to Q3 2023 but then slightly increased from Q3 2023 to Q4 2023. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Airbnb Inc. interest coverage ratio improved from Q2 2023 to Q3 2023 but then deteriorated significantly from Q3 2023 to Q4 2023. |
Debt to Equity
Airbnb Inc., debt to equity calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||
| Long-term debt, net of current portion | 1,991) | 1,990) | 1,989) | 1,988) | 1,987) | 1,986) | 1,985) | 1,984) | 1,983) | 1,981) | 1,980) | 1,979) | ||||
| Total debt | 1,991) | 1,990) | 1,989) | 1,988) | 1,987) | 1,986) | 1,985) | 1,984) | 1,983) | 1,981) | 1,980) | 1,979) | ||||
| Stockholders’ equity | 8,165) | 9,123) | 5,059) | 5,291) | 5,560) | 5,540) | 5,245) | 4,737) | 4,776) | 4,449) | 3,393) | 3,159) | ||||
| Solvency Ratio | ||||||||||||||||
| Debt to equity1 | 0.24 | 0.22 | 0.39 | 0.38 | 0.36 | 0.36 | 0.38 | 0.42 | 0.42 | 0.45 | 0.58 | 0.63 | ||||
| Benchmarks | ||||||||||||||||
| Debt to Equity, Competitors2 | ||||||||||||||||
| Booking Holdings Inc. | — | — | — | 11.29 | 4.49 | 2.50 | 2.37 | 2.23 | 1.77 | 1.99 | 2.54 | 2.90 | ||||
| Carnival Corp. & plc | 4.44 | 4.50 | 5.75 | 5.69 | 4.89 | 4.07 | 4.25 | 3.38 | 2.74 | 2.10 | 1.72 | 1.58 | ||||
| Chipotle Mexican Grill Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| McDonald’s Corp. | — | — | — | — | — | — | — | — | — | — | — | — | ||||
| Starbucks Corp. | — | — | — | — | — | — | — | — | — | — | — | — | ||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
1 Q4 2023 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 1,991 ÷ 8,165 = 0.24
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Airbnb Inc. debt to equity ratio improved from Q2 2023 to Q3 2023 but then slightly deteriorated from Q3 2023 to Q4 2023. |
Debt to Equity (including Operating Lease Liability)
Airbnb Inc., debt to equity (including operating lease liability) calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||
| Long-term debt, net of current portion | 1,991) | 1,990) | 1,989) | 1,988) | 1,987) | 1,986) | 1,985) | 1,984) | 1,983) | 1,981) | 1,980) | 1,979) | ||||
| Total debt | 1,991) | 1,990) | 1,989) | 1,988) | 1,987) | 1,986) | 1,985) | 1,984) | 1,983) | 1,981) | 1,980) | 1,979) | ||||
| Operating lease liabilities, noncurrent | 252) | 265) | 285) | 300) | 295) | 323) | 335) | 359) | 372) | 384) | 412) | 423) | ||||
| Total debt (including operating lease liability) | 2,243) | 2,255) | 2,274) | 2,288) | 2,282) | 2,309) | 2,320) | 2,342) | 2,355) | 2,365) | 2,393) | 2,402) | ||||
| Stockholders’ equity | 8,165) | 9,123) | 5,059) | 5,291) | 5,560) | 5,540) | 5,245) | 4,737) | 4,776) | 4,449) | 3,393) | 3,159) | ||||
| Solvency Ratio | ||||||||||||||||
| Debt to equity (including operating lease liability)1 | 0.27 | 0.25 | 0.45 | 0.43 | 0.41 | 0.42 | 0.44 | 0.49 | 0.49 | 0.53 | 0.71 | 0.76 | ||||
| Benchmarks | ||||||||||||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||||||||||||
| Booking Holdings Inc. | — | — | — | 11.79 | 4.69 | 2.58 | 2.45 | 2.31 | 1.83 | 2.04 | 2.60 | 2.97 | ||||
| Carnival Corp. & plc | 4.63 | 4.69 | 5.98 | 5.91 | 5.08 | 4.21 | 4.41 | 3.51 | 2.85 | 2.20 | 1.80 | 1.65 | ||||
| Chipotle Mexican Grill Inc. | 1.32 | 1.39 | 1.41 | 1.52 | 1.58 | 1.60 | 1.68 | 1.67 | 1.53 | 1.51 | 1.54 | 1.55 | ||||
| Starbucks Corp. | — | — | — | — | — | — | — | — | — | — | — | — | ||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
1 Q4 2023 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity
= 2,243 ÷ 8,165 = 0.27
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Airbnb Inc. debt to equity ratio (including operating lease liability) improved from Q2 2023 to Q3 2023 but then slightly deteriorated from Q3 2023 to Q4 2023. |
Debt to Capital
Airbnb Inc., debt to capital calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||
| Long-term debt, net of current portion | 1,991) | 1,990) | 1,989) | 1,988) | 1,987) | 1,986) | 1,985) | 1,984) | 1,983) | 1,981) | 1,980) | 1,979) | ||||
| Total debt | 1,991) | 1,990) | 1,989) | 1,988) | 1,987) | 1,986) | 1,985) | 1,984) | 1,983) | 1,981) | 1,980) | 1,979) | ||||
| Stockholders’ equity | 8,165) | 9,123) | 5,059) | 5,291) | 5,560) | 5,540) | 5,245) | 4,737) | 4,776) | 4,449) | 3,393) | 3,159) | ||||
| Total capital | 10,156) | 11,113) | 7,048) | 7,279) | 7,547) | 7,526) | 7,230) | 6,721) | 6,758) | 6,430) | 5,374) | 5,139) | ||||
| Solvency Ratio | ||||||||||||||||
| Debt to capital1 | 0.20 | 0.18 | 0.28 | 0.27 | 0.26 | 0.26 | 0.27 | 0.30 | 0.29 | 0.31 | 0.37 | 0.39 | ||||
| Benchmarks | ||||||||||||||||
| Debt to Capital, Competitors2 | ||||||||||||||||
| Booking Holdings Inc. | 1.24 | 1.05 | 1.05 | 0.92 | 0.82 | 0.71 | 0.70 | 0.69 | 0.64 | 0.67 | 0.72 | 0.74 | ||||
| Carnival Corp. & plc | 0.82 | 0.82 | 0.85 | 0.85 | 0.83 | 0.80 | 0.81 | 0.77 | 0.73 | 0.68 | 0.63 | 0.61 | ||||
| Chipotle Mexican Grill Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| McDonald’s Corp. | 1.14 | 1.15 | 1.16 | 1.18 | 1.20 | 1.23 | 1.23 | 1.21 | 1.15 | 1.19 | 1.20 | 1.25 | ||||
| Starbucks Corp. | 2.08 | 2.18 | 2.22 | 2.39 | 2.37 | 2.34 | 2.21 | 2.34 | 1.57 | 1.87 | 2.09 | 1.99 | ||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
1 Q4 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 1,991 ÷ 10,156 = 0.20
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Airbnb Inc. debt to capital ratio improved from Q2 2023 to Q3 2023 but then slightly deteriorated from Q3 2023 to Q4 2023. |
Debt to Capital (including Operating Lease Liability)
Airbnb Inc., debt to capital (including operating lease liability) calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||
| Long-term debt, net of current portion | 1,991) | 1,990) | 1,989) | 1,988) | 1,987) | 1,986) | 1,985) | 1,984) | 1,983) | 1,981) | 1,980) | 1,979) | ||||
| Total debt | 1,991) | 1,990) | 1,989) | 1,988) | 1,987) | 1,986) | 1,985) | 1,984) | 1,983) | 1,981) | 1,980) | 1,979) | ||||
| Operating lease liabilities, noncurrent | 252) | 265) | 285) | 300) | 295) | 323) | 335) | 359) | 372) | 384) | 412) | 423) | ||||
| Total debt (including operating lease liability) | 2,243) | 2,255) | 2,274) | 2,288) | 2,282) | 2,309) | 2,320) | 2,342) | 2,355) | 2,365) | 2,393) | 2,402) | ||||
| Stockholders’ equity | 8,165) | 9,123) | 5,059) | 5,291) | 5,560) | 5,540) | 5,245) | 4,737) | 4,776) | 4,449) | 3,393) | 3,159) | ||||
| Total capital (including operating lease liability) | 10,408) | 11,378) | 7,333) | 7,579) | 7,842) | 7,849) | 7,565) | 7,080) | 7,131) | 6,814) | 5,786) | 5,562) | ||||
| Solvency Ratio | ||||||||||||||||
| Debt to capital (including operating lease liability)1 | 0.22 | 0.20 | 0.31 | 0.30 | 0.29 | 0.29 | 0.31 | 0.33 | 0.33 | 0.35 | 0.41 | 0.43 | ||||
| Benchmarks | ||||||||||||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||||||||||||
| Booking Holdings Inc. | 1.23 | 1.05 | 1.05 | 0.92 | 0.82 | 0.72 | 0.71 | 0.70 | 0.65 | 0.67 | 0.72 | 0.75 | ||||
| Carnival Corp. & plc | 0.82 | 0.82 | 0.86 | 0.86 | 0.84 | 0.81 | 0.82 | 0.78 | 0.74 | 0.69 | 0.64 | 0.62 | ||||
| Chipotle Mexican Grill Inc. | 0.57 | 0.58 | 0.58 | 0.60 | 0.61 | 0.62 | 0.63 | 0.62 | 0.61 | 0.60 | 0.61 | 0.61 | ||||
| Starbucks Corp. | 1.48 | 1.52 | 1.53 | 1.57 | 1.58 | 1.57 | 1.54 | 1.55 | 1.29 | 1.41 | 1.48 | 1.46 | ||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
1 Q4 2023 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 2,243 ÷ 10,408 = 0.22
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Airbnb Inc. debt to capital ratio (including operating lease liability) improved from Q2 2023 to Q3 2023 but then slightly deteriorated from Q3 2023 to Q4 2023. |
Debt to Assets
Airbnb Inc., debt to assets calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||
| Long-term debt, net of current portion | 1,991) | 1,990) | 1,989) | 1,988) | 1,987) | 1,986) | 1,985) | 1,984) | 1,983) | 1,981) | 1,980) | 1,979) | ||||
| Total debt | 1,991) | 1,990) | 1,989) | 1,988) | 1,987) | 1,986) | 1,985) | 1,984) | 1,983) | 1,981) | 1,980) | 1,979) | ||||
| Total assets | 20,645) | 21,439) | 21,188) | 20,018) | 16,038) | 16,077) | 19,059) | 17,068) | 13,708) | 13,582) | 15,485) | 12,339) | ||||
| Solvency Ratio | ||||||||||||||||
| Debt to assets1 | 0.10 | 0.09 | 0.09 | 0.10 | 0.12 | 0.12 | 0.10 | 0.12 | 0.14 | 0.15 | 0.13 | 0.16 | ||||
| Benchmarks | ||||||||||||||||
| Debt to Assets, Competitors2 | ||||||||||||||||
| Booking Holdings Inc. | 0.58 | 0.54 | 0.53 | 0.48 | 0.49 | 0.42 | 0.39 | 0.44 | 0.46 | 0.47 | 0.51 | 0.58 | ||||
| Carnival Corp. & plc | 0.62 | 0.63 | 0.65 | 0.68 | 0.67 | 0.66 | 0.66 | 0.66 | 0.62 | 0.58 | 0.56 | 0.55 | ||||
| Chipotle Mexican Grill Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| McDonald’s Corp. | 0.70 | 0.72 | 0.71 | 0.71 | 0.71 | 0.72 | 0.70 | 0.67 | 0.66 | 0.67 | 0.68 | 0.70 | ||||
| Starbucks Corp. | 0.52 | 0.54 | 0.54 | 0.53 | 0.54 | 0.54 | 0.55 | 0.51 | 0.47 | 0.50 | 0.52 | 0.53 | ||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
1 Q4 2023 Calculation
Debt to assets = Total debt ÷ Total assets
= 1,991 ÷ 20,645 = 0.10
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Airbnb Inc. debt to assets ratio improved from Q2 2023 to Q3 2023 but then deteriorated significantly from Q3 2023 to Q4 2023. |
Debt to Assets (including Operating Lease Liability)
Airbnb Inc., debt to assets (including operating lease liability) calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||
| Long-term debt, net of current portion | 1,991) | 1,990) | 1,989) | 1,988) | 1,987) | 1,986) | 1,985) | 1,984) | 1,983) | 1,981) | 1,980) | 1,979) | ||||
| Total debt | 1,991) | 1,990) | 1,989) | 1,988) | 1,987) | 1,986) | 1,985) | 1,984) | 1,983) | 1,981) | 1,980) | 1,979) | ||||
| Operating lease liabilities, noncurrent | 252) | 265) | 285) | 300) | 295) | 323) | 335) | 359) | 372) | 384) | 412) | 423) | ||||
| Total debt (including operating lease liability) | 2,243) | 2,255) | 2,274) | 2,288) | 2,282) | 2,309) | 2,320) | 2,342) | 2,355) | 2,365) | 2,393) | 2,402) | ||||
| Total assets | 20,645) | 21,439) | 21,188) | 20,018) | 16,038) | 16,077) | 19,059) | 17,068) | 13,708) | 13,582) | 15,485) | 12,339) | ||||
| Solvency Ratio | ||||||||||||||||
| Debt to assets (including operating lease liability)1 | 0.11 | 0.11 | 0.11 | 0.11 | 0.14 | 0.14 | 0.12 | 0.14 | 0.17 | 0.17 | 0.15 | 0.19 | ||||
| Benchmarks | ||||||||||||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||||||||||||
| Booking Holdings Inc. | 0.61 | 0.56 | 0.55 | 0.50 | 0.51 | 0.43 | 0.40 | 0.45 | 0.48 | 0.49 | 0.52 | 0.60 | ||||
| Carnival Corp. & plc | 0.65 | 0.66 | 0.68 | 0.70 | 0.69 | 0.68 | 0.69 | 0.68 | 0.65 | 0.61 | 0.59 | 0.57 | ||||
| Chipotle Mexican Grill Inc. | 0.50 | 0.51 | 0.51 | 0.53 | 0.54 | 0.55 | 0.55 | 0.55 | 0.53 | 0.53 | 0.53 | 0.53 | ||||
| Starbucks Corp. | 0.84 | 0.85 | 0.86 | 0.84 | 0.85 | 0.85 | 0.86 | 0.82 | 0.75 | 0.80 | 0.83 | 0.83 | ||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
1 Q4 2023 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 2,243 ÷ 20,645 = 0.11
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Airbnb Inc. debt to assets ratio (including operating lease liability) improved from Q2 2023 to Q3 2023 but then deteriorated significantly from Q3 2023 to Q4 2023. |
Financial Leverage
Airbnb Inc., financial leverage calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||
| Total assets | 20,645) | 21,439) | 21,188) | 20,018) | 16,038) | 16,077) | 19,059) | 17,068) | 13,708) | 13,582) | 15,485) | 12,339) | ||||
| Stockholders’ equity | 8,165) | 9,123) | 5,059) | 5,291) | 5,560) | 5,540) | 5,245) | 4,737) | 4,776) | 4,449) | 3,393) | 3,159) | ||||
| Solvency Ratio | ||||||||||||||||
| Financial leverage1 | 2.53 | 2.35 | 4.19 | 3.78 | 2.88 | 2.90 | 3.63 | 3.60 | 2.87 | 3.05 | 4.56 | 3.91 | ||||
| Benchmarks | ||||||||||||||||
| Financial Leverage, Competitors2 | ||||||||||||||||
| Booking Holdings Inc. | — | — | — | 23.47 | 9.12 | 6.01 | 6.12 | 5.12 | 3.83 | 4.21 | 4.98 | 4.97 | ||||
| Carnival Corp. & plc | 7.14 | 7.15 | 8.84 | 8.43 | 7.32 | 6.20 | 6.42 | 5.17 | 4.39 | 3.60 | 3.08 | 2.89 | ||||
| Chipotle Mexican Grill Inc. | 2.63 | 2.74 | 2.73 | 2.84 | 2.93 | 2.93 | 3.04 | 3.03 | 2.90 | 2.87 | 2.91 | 2.93 | ||||
| McDonald’s Corp. | — | — | — | — | — | — | — | — | — | — | — | — | ||||
| Starbucks Corp. | — | — | — | — | — | — | — | — | — | — | — | — | ||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
1 Q4 2023 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 20,645 ÷ 8,165 = 2.53
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Airbnb Inc. financial leverage ratio decreased from Q2 2023 to Q3 2023 but then slightly increased from Q3 2023 to Q4 2023. |
Interest Coverage
Airbnb Inc., interest coverage calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||
| Net income (loss) | (349) | 4,374) | 650) | 117) | 319) | 1,214) | 379) | (19) | 55) | 834) | (68) | (1,172) | ||||
| Add: Income tax expense | (34) | (2,695) | 26) | 13) | 25) | 56) | 4) | 11) | 18) | 17) | 11) | 6) | ||||
| Add: Interest expense | 71) | 6) | 2) | 4) | 5) | 6) | 7) | 6) | 3) | 7) | 7) | 422) | ||||
| Earnings before interest and tax (EBIT) | (312) | 1,685) | 678) | 134) | 349) | 1,276) | 391) | (2) | 75) | 857) | (50) | (744) | ||||
| Solvency Ratio | ||||||||||||||||
| Interest coverage1 | 26.33 | 166.72 | 145.45 | 96.66 | 83.88 | 81.06 | 58.89 | 40.98 | 0.31 | — | — | — | ||||
| Benchmarks | ||||||||||||||||
| Interest Coverage, Competitors2 | ||||||||||||||||
| Booking Holdings Inc. | 7.11 | 8.82 | 9.14 | 10.82 | 11.03 | 11.24 | 7.95 | 3.94 | 5.39 | 3.50 | 3.03 | 3.59 | ||||
| Carnival Corp. & plc | 0.97 | 0.21 | -0.77 | -1.74 | -2.78 | -3.71 | -5.12 | -5.00 | -4.95 | -4.71 | -5.12 | -8.26 | ||||
| McDonald’s Corp. | 8.73 | 8.82 | 8.73 | 7.84 | 7.48 | 7.44 | 7.64 | 8.43 | 8.70 | 8.38 | 7.89 | 6.37 | ||||
| Starbucks Corp. | 10.82 | 10.22 | 10.01 | 9.66 | 9.76 | 12.25 | 12.95 | 13.08 | 12.40 | 8.49 | 3.76 | 2.78 | ||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
1 Q4 2023 Calculation
Interest coverage
= (EBITQ4 2023
+ EBITQ3 2023
+ EBITQ2 2023
+ EBITQ1 2023)
÷ (Interest expenseQ4 2023
+ Interest expenseQ3 2023
+ Interest expenseQ2 2023
+ Interest expenseQ1 2023)
= (-312 + 1,685 + 678 + 134)
÷ (71 + 6 + 2 + 4)
= 26.33
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Airbnb Inc. interest coverage ratio improved from Q2 2023 to Q3 2023 but then deteriorated significantly from Q3 2023 to Q4 2023. |