What is Travel + Leisure's net debt?

Travel + Leisure (TNL) reported net debt of $4.25B in Q1 2026.

How has Travel + Leisure's net debt changed year-over-year?

Travel + Leisure's net debt increased by 10.8% year-over-year, from $3.84B to $4.25B.

What is the long-term trend for Travel + Leisure's net debt?

Over 5 years (2020 to 2025), Travel + Leisure's net debt has grown at a 1.2% compound annual growth rate (CAGR), from $3.02B to $3.2B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Travel + Leisure TNL Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

WingstopWING

5.3×-0.3×

PBF EnergyPBF

0.6×+0.4×

SeaboardSEB

2×-0.4×

Sabra HealthcareSBRA

-0.2×-0.3×

TDS

Telephone and Data SystemsTDS

-0.2×-25.0×

Dolby Laboratories, Inc.DLB

-1.8×-0.2×

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$38.0M-68.6%

CapEx$19.0M-9.5%

Free cash flow$19.0M-81.0%

Valuation

See full

Market cap$4.79B+39.8%

Profitability

See full

Gross margin93%-4.9pp

Operating margin14.3%-4.8pp

Net margin10.4%-0.6pp

FCF margin10.9%-0.7pp

Returns & leverage

See full

Return on equity122.1%—

Debt / equity6.6×—

Current ratio1.2×—

Where this comes from

Calculated from Travel + Leisure’s reported figures.

$4.7Btotal debt−$456.0Mcash and equivalents=$4.25B

The official record: Travel + Leisure’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

Ask your AI about Travel + Leisure's net debt.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Travel + Leisure's net debt?: Travel + Leisure (TNL) reported net debt of $4.25B in Q1 2026.
How has Travel + Leisure's net debt changed year-over-year?: Travel + Leisure's net debt increased by 10.8% year-over-year, from $3.84B to $4.25B.
What is the long-term trend for Travel + Leisure's net debt?: Over 5 years (2020 to 2025), Travel + Leisure's net debt has grown at a 1.2% compound annual growth rate (CAGR), from $3.02B to $3.2B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.