Analysis of Debt
Paying user area
Try for free
Booking Holdings Inc. pages available for free this week:
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Booking Holdings Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Total Debt (Carrying Amount)
Booking Holdings Inc., balance sheet: debt
US$ in millions
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
- Current Finance Lease Liabilities
- The current finance lease liabilities show a rising trend from 4 million in 2021 to a peak of 34 million in 2023, followed by a decrease to 26 million in 2024. This indicates an increase in short-term lease obligations, which then slightly reduced in the latest period.
- Short-term Debt
- Short-term debt exhibited notable fluctuations over the analyzed periods. Starting at 985 million in 2020, it nearly doubled to 1989 million in 2021, then sharply declined to 500 million in 2022. It surged again to 1961 million in 2023 and slightly decreased to 1745 million in 2024. These variations suggest active management or refinancing of short-term obligations.
- Non-current Finance Lease Liabilities
- Non-current finance lease liabilities increased from 6 million in 2021 to 32 million in 2022 and remained stable at 34 million in 2023, before falling sharply to 7 million in 2024. This pattern points to a build-up of longer-term lease obligations followed by significant reductions, possibly due to lease expirations or reclassifications.
- Long-term Debt
- Long-term debt showed general growth across the years. It decreased from 11,029 million in 2020 to 8,937 million in 2021 but increased again to 11,985 million in 2022. The upward trend continued, reaching 12,223 million in 2023 and rising substantially to 14,853 million in 2024. This reflects increased reliance on long-term borrowings over time.
- Total Outstanding Debt and Finance Lease Liabilities (Carrying Amount)
- The total outstanding debt and finance lease liabilities decreased from 12,014 million in 2020 to 10,936 million in 2021. Afterwards, it steadily increased to 12,538 million in 2022, 14,252 million in 2023, and further climbed to 16,631 million in 2024. This indicates an overall accumulation of debt and lease obligations over the analyzed period, highlighting an expanding leverage position.
Total Debt (Fair Value)
| Dec 31, 2024 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Outstanding debt | |
| Finance lease liabilities | |
| Total outstanding debt and finance lease liabilities (fair value) | |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | |
Based on: 10-K (reporting date: 2024-12-31).
Weighted-average Interest Rate on Debt
Weighted-average effective interest rate on debt and finance lease liabilities:
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| Total | |||
Based on: 10-K (reporting date: 2024-12-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × ÷ =