What does debt-to-equity mean?

Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

Travel + Leisure TNL Debt-to-equity

Discontinued — last reported Q1 '18

Debt-to-equity at other companies

Expedia Group, Inc.EXPE

8.2×+2.1×

AirbnbABNB

0.3×0.0×

Walt DisneyDIS

0.4×0.0×

Vail ResortsMTN

5.9×+2.6×

Hyatt HotelsH

1.6×+0.3×

Wyndham Hotels & Resorts, Inc.WH

6×+1.5×

Other financials

Income statement

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Revenue$961.0M+2.9%

Gross profit$926.0M+1.6%

Operating income$159.0M+1.9%

Net income$79.0M+8.2%

EPS (diluted)$1.22+14.0%

Balance sheet

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Cash & equivalents$456.0M+24.3%

Total debt$4.7B+11.9%

Total equity-$1.0B-13.2%

Total assets$6.8B+1.1%

Cash flow

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Operating cash flow$38.0M-68.6%

CapEx$19.0M-9.5%

Free cash flow$19.0M-81.0%

Valuation

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Market cap$4.79B+39.8%

Enterprise value$9.04B+23.7%

P/E12.9×+2.3×

P/S1.2×+0.3×

Profitability

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Gross margin93%-4.9pp

Operating margin14.3%-4.8pp

Net margin10.4%-0.6pp

FCF margin10.9%-0.7pp

Returns & leverage

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Return on equity122.1%—

Current ratio1.2×—

Where this comes from

Calculated from Travel + Leisure’s reported figures.

total debt/total stockholders equity=6.6×

Based on the most recent quarter.

The official record: Travel + Leisure’s 10-Q, filed May 1, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does debt-to-equity mean?: Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.