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Hilton Grand Vacations HGV Non-recourse debt, net

Non-recourse debt, net at other companies

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$15.5B-6.9%
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$291.19M+16.3%
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$858.5M+461%
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$1.1B+171%
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$12.43B+43.6%

Other financials

Income statement

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Revenue$1.3B+11.9%
Net income$66.0M+488%
EPS (diluted)$0.79+565%

Balance sheet

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Cash & equivalents$552.0M-3.2%
Total debt$4.8B+5.6%
Total equity$1.2B-24.4%
Total assets$11.9B+1.2%

Cash flow

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Operating cash flow$128.0M+237%
CapEx$6.0M-57.1%
Free cash flow$122.0M+408%

Valuation

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Market cap$4.11B-10.2%

Profitability

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Net margin3.2%+2.5pp
FCF margin6.3%+0.3pp

Returns & leverage

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Return on equity11.8%+9.9pp
Debt / equity+1.1×

Where this comes from

Reported directly by Hilton Grand Vacations in its filing.

Tagged under the XBRL concept hgv:LongTermDebtNonRecourseNet.

The official record: Hilton Grand Vacations’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hilton Grand Vacations's non-recourse debt, net?
Hilton Grand Vacations (HGV) reported non-recourse debt, net of $2.55B in Q1 2026.
How has Hilton Grand Vacations's non-recourse debt, net changed year-over-year?
Hilton Grand Vacations's non-recourse debt, net increased by 4.3% year-over-year, from $2.45B to $2.55B.
What is the long-term trend for Hilton Grand Vacations's non-recourse debt, net?
Over 4 years (2021 to 2025), Hilton Grand Vacations's non-recourse debt, net has grown at a 19.6% compound annual growth rate (CAGR), from $1.33B to $2.72B.
What does non-recourse debt, net mean?
This represents debt obligations where the lender's recourse is limited to specific assets, typically timeshare receivables or inventory, rather than the company's general credit. It is a standard financing mechanism in the timeshare industry to fund operations while isolating the parent company from direct liability for the underlying assets. Investors track this to evaluate the company's leverage profile and the quality of its securitized asset portfolio.