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)
Marriott International Inc., solvency ratios (quarterly data)
Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Marriott International Inc. debt to capital ratio deteriorated from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020. |
| 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. | Marriott International Inc. debt to capital ratio (including operating lease liability) deteriorated from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Marriott International Inc. debt to assets ratio deteriorated from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020. |
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Marriott International Inc. debt to assets ratio (including operating lease liability) deteriorated from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Marriott International Inc. interest coverage ratio deteriorated from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020. |
Debt to Equity
Marriott International Inc., debt to equity calculation (quarterly data)
| Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current portion of long-term debt | 1,664) | 977) | 227) | 229) | 231) | 833) | 617) | 616) | 988) | 398) | 398) | 402) | 309) | 309) | 316) | 303) | 300) | 300) | 615) | 614) | 325) | |||||||
| Long-term debt, excluding current portion | 10,569) | 9,963) | 10,552) | 10,185) | 10,025) | 8,514) | 8,710) | 8,375) | 7,858) | 7,840) | 8,271) | 7,911) | 8,161) | 8,197) | 8,506) | 4,057) | 3,859) | 3,807) | 3,689) | 3,303) | 3,703) | |||||||
| Total debt | 12,233) | 10,940) | 10,779) | 10,414) | 10,256) | 9,347) | 9,327) | 8,991) | 8,846) | 8,238) | 8,669) | 8,313) | 8,470) | 8,506) | 8,822) | 4,360) | 4,159) | 4,107) | 4,304) | 3,917) | 4,028) | |||||||
| Shareholders’ equity (deficit) | (20) | 703) | 838) | 1,240) | 1,603) | 2,225) | 2,324) | 2,841) | 3,566) | 3,731) | 4,512) | 4,901) | 5,168) | 5,357) | 5,841) | (3,462) | (3,667) | (3,590) | (3,589) | (3,033) | (2,537) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to equity1 | — | 15.56 | 12.86 | 8.40 | 6.40 | 4.20 | 4.01 | 3.16 | 2.48 | 2.21 | 1.92 | 1.70 | 1.64 | 1.59 | 1.51 | — | — | — | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | ||||||||||||||||||||||||||||
| Airbnb Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Booking Holdings Inc. | 2.23 | 1.45 | 1.43 | 1.63 | 1.24 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Carnival Corp. & plc | 0.53 | 0.45 | 0.42 | 0.46 | 0.48 | 0.42 | 0.39 | 0.41 | 0.39 | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Chipotle Mexican Grill Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| McDonald’s Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Starbucks Corp. | — | — | — | — | — | 8.07 | 1.70 | 1.39 | 0.85 | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Q1 2020 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity (deficit)
= 12,233 ÷ -20 = —
2 Click competitor name to see calculations.
Debt to Equity (including Operating Lease Liability)
Marriott International Inc., debt to equity (including operating lease liability) calculation (quarterly data)
| Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current portion of long-term debt | 1,664) | 977) | 227) | 229) | 231) | 833) | 617) | 616) | 988) | 398) | 398) | 402) | 309) | 309) | 316) | 303) | 300) | 300) | 615) | 614) | 325) | |||||||
| Long-term debt, excluding current portion | 10,569) | 9,963) | 10,552) | 10,185) | 10,025) | 8,514) | 8,710) | 8,375) | 7,858) | 7,840) | 8,271) | 7,911) | 8,161) | 8,197) | 8,506) | 4,057) | 3,859) | 3,807) | 3,689) | 3,303) | 3,703) | |||||||
| Total debt | 12,233) | 10,940) | 10,779) | 10,414) | 10,256) | 9,347) | 9,327) | 8,991) | 8,846) | 8,238) | 8,669) | 8,313) | 8,470) | 8,506) | 8,822) | 4,360) | 4,159) | 4,107) | 4,304) | 3,917) | 4,028) | |||||||
| Noncurrent operating lease liabilities | 846) | 882) | 868) | 893) | 889) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Total debt (including operating lease liability) | 13,079) | 11,822) | 11,647) | 11,307) | 11,145) | 9,347) | 9,327) | 8,991) | 8,846) | 8,238) | 8,669) | 8,313) | 8,470) | 8,506) | 8,822) | 4,360) | 4,159) | 4,107) | 4,304) | 3,917) | 4,028) | |||||||
| Shareholders’ equity (deficit) | (20) | 703) | 838) | 1,240) | 1,603) | 2,225) | 2,324) | 2,841) | 3,566) | 3,731) | 4,512) | 4,901) | 5,168) | 5,357) | 5,841) | (3,462) | (3,667) | (3,590) | (3,589) | (3,033) | (2,537) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to equity (including operating lease liability)1 | — | 16.82 | 13.90 | 9.12 | 6.95 | 4.20 | 4.01 | 3.16 | 2.48 | 2.21 | 1.92 | 1.70 | 1.64 | 1.59 | 1.51 | — | — | — | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||||
| Airbnb Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Booking Holdings Inc. | 2.35 | 1.53 | 1.51 | 1.73 | 1.31 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Carnival Corp. & plc | 0.59 | 0.45 | 0.42 | 0.46 | 0.48 | 0.42 | 0.39 | 0.41 | 0.39 | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Chipotle Mexican Grill Inc. | 1.76 | 1.69 | 1.73 | 1.75 | 1.80 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Starbucks Corp. | — | — | — | — | — | 8.07 | 1.70 | 1.39 | 0.85 | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Q1 2020 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Shareholders’ equity (deficit)
= 13,079 ÷ -20 = —
2 Click competitor name to see calculations.
Debt to Capital
Marriott International Inc., debt to capital calculation (quarterly data)
| Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current portion of long-term debt | 1,664) | 977) | 227) | 229) | 231) | 833) | 617) | 616) | 988) | 398) | 398) | 402) | 309) | 309) | 316) | 303) | 300) | 300) | 615) | 614) | 325) | |||||||
| Long-term debt, excluding current portion | 10,569) | 9,963) | 10,552) | 10,185) | 10,025) | 8,514) | 8,710) | 8,375) | 7,858) | 7,840) | 8,271) | 7,911) | 8,161) | 8,197) | 8,506) | 4,057) | 3,859) | 3,807) | 3,689) | 3,303) | 3,703) | |||||||
| Total debt | 12,233) | 10,940) | 10,779) | 10,414) | 10,256) | 9,347) | 9,327) | 8,991) | 8,846) | 8,238) | 8,669) | 8,313) | 8,470) | 8,506) | 8,822) | 4,360) | 4,159) | 4,107) | 4,304) | 3,917) | 4,028) | |||||||
| Shareholders’ equity (deficit) | (20) | 703) | 838) | 1,240) | 1,603) | 2,225) | 2,324) | 2,841) | 3,566) | 3,731) | 4,512) | 4,901) | 5,168) | 5,357) | 5,841) | (3,462) | (3,667) | (3,590) | (3,589) | (3,033) | (2,537) | |||||||
| Total capital | 12,213) | 11,643) | 11,617) | 11,654) | 11,859) | 11,572) | 11,651) | 11,832) | 12,412) | 11,969) | 13,181) | 13,214) | 13,638) | 13,863) | 14,663) | 898) | 492) | 517) | 715) | 884) | 1,491) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to capital1 | 1.00 | 0.94 | 0.93 | 0.89 | 0.86 | 0.81 | 0.80 | 0.76 | 0.71 | 0.69 | 0.66 | 0.63 | 0.62 | 0.61 | 0.60 | 4.86 | 8.45 | 7.94 | 6.02 | 4.43 | 2.70 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | ||||||||||||||||||||||||||||
| Airbnb Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Booking Holdings Inc. | 0.69 | 0.59 | 0.59 | 0.62 | 0.55 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Carnival Corp. & plc | 0.35 | 0.31 | 0.30 | 0.32 | 0.32 | 0.30 | 0.28 | 0.29 | 0.28 | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Chipotle Mexican Grill Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| McDonald’s Corp. | 1.31 | 1.32 | 1.35 | 1.26 | 1.25 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Starbucks Corp. | 2.38 | 2.26 | 1.63 | 2.21 | 1.46 | 0.89 | 0.63 | 0.58 | 0.46 | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Q1 2020 Calculation
Debt to capital = Total debt ÷ Total capital
= 12,233 ÷ 12,213 = 1.00
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. | Marriott International Inc. debt to capital ratio deteriorated from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020. |
Debt to Capital (including Operating Lease Liability)
Marriott International Inc., debt to capital (including operating lease liability) calculation (quarterly data)
| Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current portion of long-term debt | 1,664) | 977) | 227) | 229) | 231) | 833) | 617) | 616) | 988) | 398) | 398) | 402) | 309) | 309) | 316) | 303) | 300) | 300) | 615) | 614) | 325) | |||||||
| Long-term debt, excluding current portion | 10,569) | 9,963) | 10,552) | 10,185) | 10,025) | 8,514) | 8,710) | 8,375) | 7,858) | 7,840) | 8,271) | 7,911) | 8,161) | 8,197) | 8,506) | 4,057) | 3,859) | 3,807) | 3,689) | 3,303) | 3,703) | |||||||
| Total debt | 12,233) | 10,940) | 10,779) | 10,414) | 10,256) | 9,347) | 9,327) | 8,991) | 8,846) | 8,238) | 8,669) | 8,313) | 8,470) | 8,506) | 8,822) | 4,360) | 4,159) | 4,107) | 4,304) | 3,917) | 4,028) | |||||||
| Noncurrent operating lease liabilities | 846) | 882) | 868) | 893) | 889) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Total debt (including operating lease liability) | 13,079) | 11,822) | 11,647) | 11,307) | 11,145) | 9,347) | 9,327) | 8,991) | 8,846) | 8,238) | 8,669) | 8,313) | 8,470) | 8,506) | 8,822) | 4,360) | 4,159) | 4,107) | 4,304) | 3,917) | 4,028) | |||||||
| Shareholders’ equity (deficit) | (20) | 703) | 838) | 1,240) | 1,603) | 2,225) | 2,324) | 2,841) | 3,566) | 3,731) | 4,512) | 4,901) | 5,168) | 5,357) | 5,841) | (3,462) | (3,667) | (3,590) | (3,589) | (3,033) | (2,537) | |||||||
| Total capital (including operating lease liability) | 13,059) | 12,525) | 12,485) | 12,547) | 12,748) | 11,572) | 11,651) | 11,832) | 12,412) | 11,969) | 13,181) | 13,214) | 13,638) | 13,863) | 14,663) | 898) | 492) | 517) | 715) | 884) | 1,491) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to capital (including operating lease liability)1 | 1.00 | 0.94 | 0.93 | 0.90 | 0.87 | 0.81 | 0.80 | 0.76 | 0.71 | 0.69 | 0.66 | 0.63 | 0.62 | 0.61 | 0.60 | 4.86 | 8.45 | 7.94 | 6.02 | 4.43 | 2.70 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||||
| Airbnb Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Booking Holdings Inc. | 0.70 | 0.61 | 0.60 | 0.63 | 0.57 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Carnival Corp. & plc | 0.37 | 0.31 | 0.30 | 0.32 | 0.32 | 0.30 | 0.28 | 0.29 | 0.28 | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Chipotle Mexican Grill Inc. | 0.64 | 0.63 | 0.63 | 0.64 | 0.64 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Starbucks Corp. | 1.49 | 2.26 | 1.63 | 2.21 | 1.46 | 0.89 | 0.63 | 0.58 | 0.46 | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Q1 2020 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 13,079 ÷ 13,059 = 1.00
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. | Marriott International Inc. debt to capital ratio (including operating lease liability) deteriorated from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020. |
Debt to Assets
Marriott International Inc., debt to assets calculation (quarterly data)
| Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current portion of long-term debt | 1,664) | 977) | 227) | 229) | 231) | 833) | 617) | 616) | 988) | 398) | 398) | 402) | 309) | 309) | 316) | 303) | 300) | 300) | 615) | 614) | 325) | |||||||
| Long-term debt, excluding current portion | 10,569) | 9,963) | 10,552) | 10,185) | 10,025) | 8,514) | 8,710) | 8,375) | 7,858) | 7,840) | 8,271) | 7,911) | 8,161) | 8,197) | 8,506) | 4,057) | 3,859) | 3,807) | 3,689) | 3,303) | 3,703) | |||||||
| Total debt | 12,233) | 10,940) | 10,779) | 10,414) | 10,256) | 9,347) | 9,327) | 8,991) | 8,846) | 8,238) | 8,669) | 8,313) | 8,470) | 8,506) | 8,822) | 4,360) | 4,159) | 4,107) | 4,304) | 3,917) | 4,028) | |||||||
| Total assets | 25,549) | 25,051) | 24,812) | 24,893) | 24,746) | 23,696) | 23,833) | 23,844) | 24,484) | 23,948) | 24,236) | 23,881) | 23,925) | 24,140) | 25,002) | 6,650) | 6,121) | 6,082) | 6,153) | 6,321) | 6,803) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to assets1 | 0.48 | 0.44 | 0.43 | 0.42 | 0.41 | 0.39 | 0.39 | 0.38 | 0.36 | 0.34 | 0.36 | 0.35 | 0.35 | 0.35 | 0.35 | 0.66 | 0.68 | 0.68 | 0.70 | 0.62 | 0.59 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | ||||||||||||||||||||||||||||
| Airbnb Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Booking Holdings Inc. | 0.48 | 0.40 | 0.40 | 0.40 | 0.38 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Carnival Corp. & plc | 0.28 | 0.26 | 0.24 | 0.25 | 0.26 | 0.24 | 0.23 | 0.23 | 0.23 | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Chipotle Mexican Grill Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| McDonald’s Corp. | 0.77 | 0.72 | 0.72 | 0.71 | 0.71 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Starbucks Corp. | 0.42 | 0.58 | 0.53 | 0.52 | 0.46 | 0.39 | 0.40 | 0.37 | 0.27 | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Q1 2020 Calculation
Debt to assets = Total debt ÷ Total assets
= 12,233 ÷ 25,549 = 0.48
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. | Marriott International Inc. debt to assets ratio deteriorated from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020. |
Debt to Assets (including Operating Lease Liability)
Marriott International Inc., debt to assets (including operating lease liability) calculation (quarterly data)
| Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Current portion of long-term debt | 1,664) | 977) | 227) | 229) | 231) | 833) | 617) | 616) | 988) | 398) | 398) | 402) | 309) | 309) | 316) | 303) | 300) | 300) | 615) | 614) | 325) | |||||||
| Long-term debt, excluding current portion | 10,569) | 9,963) | 10,552) | 10,185) | 10,025) | 8,514) | 8,710) | 8,375) | 7,858) | 7,840) | 8,271) | 7,911) | 8,161) | 8,197) | 8,506) | 4,057) | 3,859) | 3,807) | 3,689) | 3,303) | 3,703) | |||||||
| Total debt | 12,233) | 10,940) | 10,779) | 10,414) | 10,256) | 9,347) | 9,327) | 8,991) | 8,846) | 8,238) | 8,669) | 8,313) | 8,470) | 8,506) | 8,822) | 4,360) | 4,159) | 4,107) | 4,304) | 3,917) | 4,028) | |||||||
| Noncurrent operating lease liabilities | 846) | 882) | 868) | 893) | 889) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | |||||||
| Total debt (including operating lease liability) | 13,079) | 11,822) | 11,647) | 11,307) | 11,145) | 9,347) | 9,327) | 8,991) | 8,846) | 8,238) | 8,669) | 8,313) | 8,470) | 8,506) | 8,822) | 4,360) | 4,159) | 4,107) | 4,304) | 3,917) | 4,028) | |||||||
| Total assets | 25,549) | 25,051) | 24,812) | 24,893) | 24,746) | 23,696) | 23,833) | 23,844) | 24,484) | 23,948) | 24,236) | 23,881) | 23,925) | 24,140) | 25,002) | 6,650) | 6,121) | 6,082) | 6,153) | 6,321) | 6,803) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Debt to assets (including operating lease liability)1 | 0.51 | 0.47 | 0.47 | 0.45 | 0.45 | 0.39 | 0.39 | 0.38 | 0.36 | 0.34 | 0.36 | 0.35 | 0.35 | 0.35 | 0.35 | 0.66 | 0.68 | 0.68 | 0.70 | 0.62 | 0.59 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||||||||||||||||||||||||
| Airbnb Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Booking Holdings Inc. | 0.50 | 0.42 | 0.42 | 0.43 | 0.41 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Carnival Corp. & plc | 0.31 | 0.26 | 0.24 | 0.25 | 0.26 | 0.24 | 0.23 | 0.23 | 0.23 | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Chipotle Mexican Grill Inc. | 0.57 | 0.56 | 0.57 | 0.58 | 0.58 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Starbucks Corp. | 0.74 | 0.58 | 0.53 | 0.52 | 0.46 | 0.39 | 0.40 | 0.37 | 0.27 | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Q1 2020 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 13,079 ÷ 25,549 = 0.51
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. | Marriott International Inc. debt to assets ratio (including operating lease liability) deteriorated from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020. |
Financial Leverage
Marriott International Inc., financial leverage calculation (quarterly data)
| Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Total assets | 25,549) | 25,051) | 24,812) | 24,893) | 24,746) | 23,696) | 23,833) | 23,844) | 24,484) | 23,948) | 24,236) | 23,881) | 23,925) | 24,140) | 25,002) | 6,650) | 6,121) | 6,082) | 6,153) | 6,321) | 6,803) | |||||||
| Shareholders’ equity (deficit) | (20) | 703) | 838) | 1,240) | 1,603) | 2,225) | 2,324) | 2,841) | 3,566) | 3,731) | 4,512) | 4,901) | 5,168) | 5,357) | 5,841) | (3,462) | (3,667) | (3,590) | (3,589) | (3,033) | (2,537) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Financial leverage1 | — | 35.63 | 29.61 | 20.08 | 15.44 | 10.65 | 10.26 | 8.39 | 6.87 | 6.42 | 5.37 | 4.87 | 4.63 | 4.51 | 4.28 | — | — | — | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | ||||||||||||||||||||||||||||
| Airbnb Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Booking Holdings Inc. | 4.66 | 3.61 | 3.60 | 4.05 | 3.23 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Carnival Corp. & plc | 1.93 | 1.78 | 1.74 | 1.85 | 1.81 | 1.73 | 1.69 | 1.76 | 1.70 | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Chipotle Mexican Grill Inc. | 3.11 | 3.03 | 3.04 | 3.03 | 3.12 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| McDonald’s Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Starbucks Corp. | — | — | — | — | — | 20.66 | 4.31 | 3.73 | 3.22 | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Q1 2020 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity (deficit)
= 25,549 ÷ -20 = —
2 Click competitor name to see calculations.
Interest Coverage
Marriott International Inc., interest coverage calculation (quarterly data)
| Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income | 31) | 279) | 387) | 232) | 375) | 317) | 503) | 667) | 420) | 201) | 392) | 414) | 365) | 244) | 70) | 247) | 219) | 202) | 210) | 240) | 207) | |||||||
| Add: Income tax expense | (12) | 47) | 140) | 82) | 57) | 28) | 91) | 207) | 112) | 978) | 188) | 178) | 120) | 139) | 61) | 97) | 107) | 82) | 99) | 115) | 100) | |||||||
| Add: Interest expense | 93) | 95) | 100) | 102) | 97) | 94) | 86) | 85) | 75) | 72) | 73) | 73) | 70) | 75) | 55) | 57) | 47) | 46) | 43) | 42) | 36) | |||||||
| Earnings before interest and tax (EBIT) | 112) | 421) | 627) | 416) | 529) | 439) | 680) | 959) | 607) | 1,251) | 653) | 665) | 555) | 458) | 186) | 401) | 373) | 330) | 352) | 397) | 343) | |||||||
| Solvency Ratio | ||||||||||||||||||||||||||||
| Interest coverage1 | 4.04 | 5.06 | 5.12 | 5.45 | 7.20 | 7.90 | 11.00 | 11.38 | 10.84 | 10.85 | 8.01 | 6.83 | 6.23 | 6.06 | 6.29 | 7.54 | 8.16 | 8.51 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | ||||||||||||||||||||||||||||
| Airbnb Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Booking Holdings Inc. | 17.17 | 23.40 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Carnival Corp. & plc | 10.30 | 15.86 | 16.27 | 16.09 | 17.01 | 17.53 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| McDonald’s Corp. | 7.77 | 8.15 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Starbucks Corp. | 14.35 | 14.49 | 15.69 | 15.50 | 18.04 | 34.94 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Q1 2020 Calculation
Interest coverage
= (EBITQ1 2020
+ EBITQ4 2019
+ EBITQ3 2019
+ EBITQ2 2019)
÷ (Interest expenseQ1 2020
+ Interest expenseQ4 2019
+ Interest expenseQ3 2019
+ Interest expenseQ2 2019)
= (112 + 421 + 627 + 416)
÷ (93 + 95 + 100 + 102)
= 4.04
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. | Marriott International Inc. interest coverage ratio deteriorated from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020. |