Can Travel + Leisure cover its short-term obligations?

Its current ratio is 1.19 — current assets exceed current liabilities.

Where does Travel + Leisure's balance sheet data come from?

Every line is extracted from Travel + Leisure's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Travel + Leisure TNL Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Cash and cash equivalents	$456M+24.3%	$426M+29.5%	$414M+18.6%	$387M+16.6%	$367M-43.3%
Restricted cash	$202M+12.8%	$173M+6.8%	$174M+12.3%	$175M+5.4%	$179M+6.5%
Accounts receivable, net	$3.26B+2.5%	$3.3B+2.1%	$3.25B+0.9%	$3.17B+1.1%	$3.18B+2.6%
Inventories	$1.18B-3.1%	$1.13B-8.1%	$1.27B+5.0%	$1.25B+3.8%	$1.22B+2.9%
Prepaid expenses and other current assets	$265M+4.7%	$214M0.0%	$230M-1.3%	$244M-3.2%	$253M-5.9%
Property and equipment, net	$523M-10.9%	$531M-10.2%	$597M+0.5%	$592M-0.7%	$587M-4.4%
Accumulated depreciation	$1.12B+2.5%	$1.1B+2.2%	$1.15B+5.4%	$1.12B+5.3%	$1.1B+4.7%
Operating lease right-of-use assets	6.3%+0.1%	6.3%+0.1%	6.3%+0.2%	6.2%+0.1%	6.2%+0.2%
Goodwill	$971M+0.3%	$972M+0.6%	$971M0.0%	$972M+0.4%	$968M-2.5%
Intangible assets, net	$200M-4.3%	$201M-3.8%	$204M-5.1%	$208M-3.7%	$209M+6.1%
Deferred tax assets	$732M-1.6%	$704M-2.5%	$763M+9.3%	$745M+5.1%	$744M+4.9%
Other non-current assets	$481M+17.9%	$485M+14.1%	$442M+21.4%	$411M+6.8%	$408M+3.6%
Net loans	$152M-11.1%	$165M+6.5%	$173M+13.8%	$175M-0.6%	$171M-8.6%
Gross loans	$2.61B+1.1%	$2.64B+0.7%	$2.59B-0.8%	$2.57B+0.2%	$2.58B+1.8%
Total assets	$6.84B+1.1%	$6.76B+0.4%	$6.89B+2.9%	$6.81B+1.7%	$6.76B-3.7%
Accounts payable	$63M-6.0%	$62M-7.5%	$66M+20.0%	$69M+38.0%	$67M+3.1%
Accrued expenses	$836M+17.4%	$910M+17.0%	$817M+4.9%	$778M-1.3%	$712M-10.8%
Deferred revenue	$478M-1.6%	$468M+2.4%	$489M+8.7%	$483M+6.6%	$486M+7.5%
Current portion of long-term debt	——	——	——	——	——
Operating lease liabilities, current	$135M+62.7%	$136M+72.2%	$139M+61.6%	$82M-2.4%	$83M+1.2%
Contract liabilities	$479M-1.6%	$469M+2.2%	$491M+8.9%	$484M+6.6%	$487M+7.3%
Long-term debt	$3.65B+4.7%	$3.47B+0.2%	$3.55B+0.2%	$3.63B+1.4%	$3.48B-9.9%
Finance Lease Liabilities (Total)	$18M-5.3%	$18M-14.3%	$19M-9.5%	$17M-10.5%	$19M-9.5%
Operating Lease Liabilities (Total)	$135M+62.7%	$136M+72.2%	$139M+61.6%	$82M-2.4%	$83M+1.2%
Finance lease liabilities	$18M-5.3%	$18M-14.3%	$19M-9.5%	$17M-10.5%	$19M-9.5%
Total liabilities	$7.86B+2.6%	$7.74B+1.7%	$7.71B+2.0%	$7.66B+1.1%	$7.67B-3.5%
Preferred stock	$0—	$0—	$0—	$0—	$0—
Common stock	600M0.0%	600M+29,900%	600M0.0%	600M0.0%	600M0.0%
Additional paid-in capital	$4.41B+1.8%	$4.41B+1.8%	$4.38B+1.6%	$4.35B+1.2%	$4.33B+1.2%
Retained earnings	$2.45B+3.6%	$2.41B+3.3%	$2.51B+11.6%	$2.44B+11.3%	$2.37B+12.9%
Accumulated other comprehensive income (loss)	-$63M+37.0%	-$66M+41.1%	-$69M-13.1%	-$66M+19.5%	-$100M-17.6%
Treasury stock	$7.82B+4.3%	$7.74B+4.1%	$7.65B+3.8%	$7.57B+3.9%	$7.5B+3.9%
Noncontrolling interests	-$1M—	-$1M-200%	$0-100%	-$1M-200%	$0-100%
Total stockholders' equity	-$1.02B-13.2%	-$981M-11.4%	-$821M+4.8%	-$852M+3.7%	-$903M+2.5%
Total liabilities and stockholders' equity	$6.84B+1.1%	$6.76B+0.4%	$6.89B+2.9%	$6.81B+1.7%	$6.76B-3.7%
Allowance for Credit Losses - Receivable (Current)	$646M+8.6%	$663M+8.0%	$654M+8.3%	$604M+5.2%	$595M+6.1%
Equipment Installment Plan Receivables, Gross	$3.26B+2.5%	$3.3B+2.1%	$3.25B+0.9%	$3.17B+1.1%	$3.18B+2.6%
Loans and Lending Commitments	$2.61B+1.1%	$2.64B+0.7%	$2.59B-0.8%	$2.57B+0.2%	$2.58B+1.8%
Purchased Credit Deteriorated Loans	$2.61B+1.1%	$2.64B+0.7%	$2.59B-0.8%	$2.57B+0.2%	$2.58B+1.8%
Net Investment in Lease	$85M+66.7%	$85M+80.9%	$86M+68.6%	$52M+10.6%	$51M+15.9%
Other intangible assets—net	$200M-4.3%	$201M-3.8%	$204M-5.1%	$208M-3.7%	$209M+6.1%
Inventory, Real Estate, Land and Land Development Costs	$10M-65.5%	$10M-65.5%	$29M0.0%	$29M0.0%	$29M0.0%
Operating lease right-of-use assets	$85M+66.7%	$85M+80.9%	$86M+68.6%	$52M+10.6%	$51M+15.9%
Other Assets	$481M+17.9%	$485M+14.1%	$442M+21.4%	$411M+6.8%	$408M+3.6%
Property, plant and equipment at cost	$1.65B-2.2%	$1.63B-2.2%	$1.75B+3.7%	$1.72B+3.2%	$1.68B+1.3%
Operating Lease Right-of-Use Assets in Other Assets	$85M+66.7%	$85M+80.9%	$86M+68.6%	$52M+10.6%	$51M+15.9%
Accrued Litigation	$3M-25.0%	$2M-50.0%	$4M-20.0%	$3M-25.0%	$4M-60.0%
Finance Lease Liability Payment Due	——	——	——	——	——
Finance Lease Liability - Undiscounted Excess Amount	——	——	——	——	——
Lease Liability Payments - 2020 (Remaining Three Months)	——	——	——	——	——
Lease Liability Payments - 2021	——	——	——	——	——
Operating Lease Liability Payments - 2024 (Lessee)	——	——	——	——	——
Operating Lease Liability Payments - 2025 (Lessee)	——	——	——	——	——
Lease Liability Payments - Due Year Two	——	——	——	——	——
Lease Liability Payments - Due Year Three	——	——	——	——	——
Lease Liability Payments - Due Year Four	——	——	——	——	——
Lease Liability Payments - Remainder of Fiscal Year	——	——	——	——	——
Operating Lease Liability Payments Due	——	——	——	——	——
Operating Lease Liability - Undiscounted Excess Amount	——	——	——	——	——
Restructuring Reserve	$18M+5.9%	$28M+21.7%	$14M-51.7%	$15M-21.1%	$17M-26.1%
Debt Maturity - 2027	——	——	——	——	——
Debt Maturity - Thereafter	——	——	——	——	——
Operating Lease Liability Payments - 2027 (Lessee)	——	——	——	——	——
Operating Lease Liability Payments - 2028 (Lessee)	——	——	——	——	——
Lease Liability Payments - Due After Year Five	——	——	——	——	——
Operating Lease Liability Payments - Thereafter (Lessee)	——	——	——	——	——
Accrued expenses and other liabilities	$836M+17.4%	$910M+17.0%	$817M+4.9%	$778M-1.3%	$712M-10.8%
Total debt	$4.71B+11.9%	$3.63B+1.7%	$4.61B+10.6%	$4.32B+2.9%	$4.21B-6.7%
AOCI - Cash Flow Hedge Adjustment	——	——	——	——	——
Common Stock Par Value Per Share	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Common Stock Shares Issued	226.5M+0.6%	225.9M+0.6%	225.8M+0.6%	225.3M+0.4%	225.2M+0.4%
Convertible Preferred Stock Authorized Shares	6M0.0%	6M0.0%	6M0.0%	6M0.0%	6M0.0%
Convertible Preferred Stock Issued Shares	0—	0—	0—	0—	0—
Convertible Preferred Stock Outstanding Shares	0—	0—	0—	0—	0—
Additional paid-in capital	$4.41B—	$4.41B—	$4.38B—	$4.35B—	——
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$3M0.0%	$3M+50.0%	$3M+50.0%	$3M+50.0%	$3M+50.0%
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding	$0—	$0—	$0—	$0—	$0—
Preferred Stock Par Value Per Share	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Shares Reserved for Future Issuance Under Stock Plans	——	——	——	——	——
AOCI - Cash Flow Hedge Reclassification (Next 12 Months)	——	——	——	——	——
Nonperforming Loans and Leases Percentage	$3.26B+2.5%	$3.3B+2.1%	$3.25B+0.9%	$3.17B+1.1%	$3.18B+2.6%
Cumulative Cost Basis	$1.65B-2.2%	$1.63B-2.2%	$1.75B+3.7%	$1.72B+3.2%	$1.68B+1.3%
Accounts Receivable, after Allowance for Credit Loss	$152M-11.1%	$165M+6.5%	$173M+13.8%	$175M-0.6%	$171M-8.6%
AOCI before Tax, Attributable to Parent	-$160M+18.8%	-$163M+22.0%	-$166M-3.8%	-$163M—	-$197M—
Assets, Net of Investment in Unconsolidated Subsidiaries	$6.84B+1.1%	$6.76B+0.4%	$6.89B+2.9%	$6.81B+1.7%	$6.76B-3.7%
Common stock, par value (in dollars per share)	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Common stock, shares authorized (in shares)	$600M0.0%	$600M0.0%	$600M0.0%	$600M0.0%	$600M0.0%
Common stock, shares issued (in shares)	$226.51M+0.6%	$225.94M+0.6%	$225.81M+0.6%	$225.32M+0.4%	$225.21M+0.4%
Completed VOI inventory	$918M-5.3%	$857M-11.6%	$998M+4.2%	$996M—	$969M—
Weighted average interest rate	14.6%-0.1%	14.6%-0.1%	14.6%-0.1%	14.7%0.0%	14.7%+0.1%
Contract with Customer, Liability	$479M-1.6%	$469M+2.2%	$491M+8.9%	$484M+6.6%	$487M+7.3%
Deferred income taxes	$732M-1.6%	$704M-2.5%	$763M+9.3%	$745M+5.1%	$744M+4.9%
Estimated VOI recoveries	$218M+4.3%	$222M+3.7%	$225M+7.7%	$213M+3.9%	$209M+1.5%
Fees For Property Management Services, Budgeted Operating Expenses, Percentage	——	——	——	——	——
Finance Lease Liability Payments Due	——	——	——	——	——
Finance Lease Liability Payments Due After Year Five	——	——	——	——	——
2027	——	——	——	——	——
Finance Lease Liability Payments Due Year Four	——	——	——	——	——
Finance Lease Liability Payments Due Year Three	——	——	——	——	——
Finance Lease Liability Payments Due Year Two	——	——	——	——	——
Finance Lease Liability Undiscounted Excess Amount	——	——	——	——	——
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	$17M-10.5%	$19M-9.5%	$19M-9.5%	$18M-14.3%	$19M-9.5%
Originated, at amortized cost, more than five years before current fiscal year	$376M-15.3%	$296M-26.7%	$340M-26.4%	$390M-24.7%	$444M-24.1%
2021	$256M+44.6%	$129M+31.6%	$144M+33.3%	$159M+31.4%	$177M+29.2%
Year one	$390M+8.3%	$1.45B+4.7%	$1.14B+2.4%	$752M+1.2%	$360M+3.4%
Year two	$1.22B+3.7%	$708M-1.3%	$817M-1.1%	$971M+0.6%	$1.17B+3.2%
2022	$390M0.0%	$283M+44.4%	$315M+43.2%	$350M+42.3%	$390M+42.3%
2023	$626M-0.6%	$433M+0.5%	$486M+0.6%	$550M+1.3%	$630M+2.6%
First Lien Leverage Ratio	——	——	——	——	——
Interest Coverage Ratio	——	——	——	——	——
Inventory Real Estate Construction In Process	$7M-36.4%	$9M-10.0%	$13M+62.5%	$12M+300%	$11M+10.0%
Inventory subject to financing arrangement	——	——	——	——	——
Inventory Sold Under Agreement to Repurchase, Value	——	——	——	——	——
Lessee Operating Lease Liability Payments Due	——	——	——	——	——
Lessee Operating Lease Liability Undiscounted Excess Amount	——	——	——	——	——
Estimated litigation liability	$3M-25.0%	$2M-50.0%	$4M-20.0%	$3M-25.0%	$4M-60.0%
2028	——	——	——	——	——
2029	——	——	——	——	——
2029	——	——	——	——	——
2030	——	——	——	——	——
Thereafter	——	——	——	——	——
2027	——	——	——	——	——
Noncontrolling interests in subsidiaries	-$1M—	-$1M-200%	$0-100%	-$1M-200%	$0-100%
Non-recourse vacation ownership debt (VIE)	$2.11B-3.1%	$2.12B0.0%	$2.02B-0.2%	$1.96B-2.1%	$2.17B+5.7%
Non-recourse vacation ownership debt (VIE)	——	——	——	——	——
Operating Lease Weighted Average Discount Rate Percent	$0.06+1.6%	$0.06+1.6%	$0.06+3.3%	$0.06+1.6%	$0.06+3.3%
Preferred Stock, Par or Stated Value Per Share	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Preferred Stock, Shares Authorized	$6M0.0%	$6M0.0%	$6M0.0%	$6M0.0%	$6M0.0%
Preferred Stock, Shares Issued	$0—	$0—	$0—	$0—	$0—
Preferred Stock, Shares Outstanding	$0—	$0—	$0—	$0—	$0—
Restructuring Reserve	$18M+5.9%	$28M+21.7%	$14M-51.7%	$15M-21.1%	$17M-26.1%
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied	——	——	——	——	——
Incentive stock program, shares reserved for future grants (in shares)	——	——	——	——	——
Shares reserved for awards to employees and outside directors (in shares)	——	——	——	——	——
Aggregate Available	——	——	——	——	——
Treasury stock, shares (in shares)	$164.09M+3.3%	$162.88M+3.4%	$161.48M+3.4%	$160.31M+3.8%	$158.82M+3.8%
Vacation exchange credits and other	$3M0.0%	$4M0.0%	$4M0.0%	$2M—	$3M—
Remainder of Fiscal Year 2024	——	——	——	——	——
Weighted-Average Discount Rate	6%-0.5%	6.1%-0.4%	6.3%-0.2%	6.5%-0.1%	6.5%-0.1%
Weighted-Average Discount Rate - Finance Leases	$0.06-7.7%	$0.06-6.2%	$0.06-3.1%	$0.07-1.5%	$0.07-1.5%

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Questions, answered.

Can Travel + Leisure cover its short-term obligations?: Its current ratio is 1.19 — current assets exceed current liabilities.
Where does Travel + Leisure's balance sheet data come from?: Every line is extracted from Travel + Leisure's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.