Stock Analysis on Net

Marriott International Inc. (NASDAQ:MAR)

This company has been moved to the archive! The financial data has not been updated since May 11, 2020.

Analysis of Solvency Ratios

Microsoft Excel

Solvency Ratios (Summary)

Marriott International Inc., solvency ratios

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Debt Ratios
Debt to equity 15.56 4.20 2.21 1.59
Debt to equity (including operating lease liability) 17.00 4.20 2.21 1.59
Debt to capital 0.94 0.81 0.69 0.61 7.94
Debt to capital (including operating lease liability) 0.94 0.81 0.69 0.61 7.94
Debt to assets 0.44 0.39 0.34 0.35 0.68
Debt to assets (including operating lease liability) 0.48 0.39 0.34 0.35 0.68
Financial leverage 35.63 10.65 6.42 4.51
Coverage Ratios
Interest coverage 5.06 7.90 10.85 6.06 8.51
Fixed charge coverage 3.76 5.41 6.88 4.08 5.11

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Marriott International Inc. debt to equity ratio deteriorated from 2017 to 2018 and from 2018 to 2019.
Debt to equity ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Marriott International Inc. debt to equity ratio (including operating lease liability) deteriorated from 2017 to 2018 and from 2018 to 2019.
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 2017 to 2018 and from 2018 to 2019.
Debt to capital ratio (including operating lease liability) 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 2017 to 2018 and from 2018 to 2019.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Marriott International Inc. debt to assets ratio deteriorated from 2017 to 2018 and from 2018 to 2019.
Debt to assets ratio (including operating lease liability) 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 2017 to 2018 and from 2018 to 2019.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Marriott International Inc. financial leverage ratio increased from 2017 to 2018 and from 2018 to 2019.

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 2017 to 2018 and from 2018 to 2019.
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Marriott International Inc. fixed charge coverage ratio deteriorated from 2017 to 2018 and from 2018 to 2019.

Debt to Equity

Marriott International Inc., debt to equity calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Current portion of long-term debt 977 833 398 309 300
Long-term debt, excluding current portion 9,963 8,514 7,840 8,197 3,807
Total debt 10,940 9,347 8,238 8,506 4,107
 
Shareholders’ equity (deficit) 703 2,225 3,731 5,357 (3,590)
Solvency Ratio
Debt to equity1 15.56 4.20 2.21 1.59
Benchmarks
Debt to Equity, Competitors2
Airbnb Inc.
Booking Holdings Inc. 1.45
Chipotle Mexican Grill Inc. 0.00
McDonald’s Corp.
Starbucks Corp.
Debt to Equity, Sector
Consumer Services
Debt to Equity, Industry
Consumer Discretionary 2.78

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity (deficit)
= 10,940 ÷ 703 = 15.56

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Marriott International Inc. debt to equity ratio deteriorated from 2017 to 2018 and from 2018 to 2019.

Debt to Equity (including Operating Lease Liability)

Marriott International Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Current portion of long-term debt 977 833 398 309 300
Long-term debt, excluding current portion 9,963 8,514 7,840 8,197 3,807
Total debt 10,940 9,347 8,238 8,506 4,107
Current operating lease liabilities (recorded in Accrued expenses and other) 130
Noncurrent operating lease liabilities 882
Total debt (including operating lease liability) 11,952 9,347 8,238 8,506 4,107
 
Shareholders’ equity (deficit) 703 2,225 3,731 5,357 (3,590)
Solvency Ratio
Debt to equity (including operating lease liability)1 17.00 4.20 2.21 1.59
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
Airbnb Inc.
Booking Holdings Inc. 1.56
Chipotle Mexican Grill Inc. 1.69
McDonald’s Corp.
Starbucks Corp.
Debt to Equity (including Operating Lease Liability), Sector
Consumer Services
Debt to Equity (including Operating Lease Liability), Industry
Consumer Discretionary 3.08

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Shareholders’ equity (deficit)
= 11,952 ÷ 703 = 17.00

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Marriott International Inc. debt to equity ratio (including operating lease liability) deteriorated from 2017 to 2018 and from 2018 to 2019.

Debt to Capital

Marriott International Inc., debt to capital calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Current portion of long-term debt 977 833 398 309 300
Long-term debt, excluding current portion 9,963 8,514 7,840 8,197 3,807
Total debt 10,940 9,347 8,238 8,506 4,107
Shareholders’ equity (deficit) 703 2,225 3,731 5,357 (3,590)
Total capital 11,643 11,572 11,969 13,863 517
Solvency Ratio
Debt to capital1 0.94 0.81 0.69 0.61 7.94
Benchmarks
Debt to Capital, Competitors2
Airbnb Inc.
Booking Holdings Inc. 0.59
Chipotle Mexican Grill Inc. 0.00
McDonald’s Corp. 1.32
Starbucks Corp. 2.26
Debt to Capital, Sector
Consumer Services 1.14
Debt to Capital, Industry
Consumer Discretionary 0.74

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Debt to capital = Total debt ÷ Total capital
= 10,940 ÷ 11,643 = 0.94

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 2017 to 2018 and from 2018 to 2019.

Debt to Capital (including Operating Lease Liability)

Marriott International Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Current portion of long-term debt 977 833 398 309 300
Long-term debt, excluding current portion 9,963 8,514 7,840 8,197 3,807
Total debt 10,940 9,347 8,238 8,506 4,107
Current operating lease liabilities (recorded in Accrued expenses and other) 130
Noncurrent operating lease liabilities 882
Total debt (including operating lease liability) 11,952 9,347 8,238 8,506 4,107
Shareholders’ equity (deficit) 703 2,225 3,731 5,357 (3,590)
Total capital (including operating lease liability) 12,655 11,572 11,969 13,863 517
Solvency Ratio
Debt to capital (including operating lease liability)1 0.94 0.81 0.69 0.61 7.94
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
Airbnb Inc.
Booking Holdings Inc. 0.61
Chipotle Mexican Grill Inc. 0.63
McDonald’s Corp. 1.21
Starbucks Corp. 2.26
Debt to Capital (including Operating Lease Liability), Sector
Consumer Services 1.11
Debt to Capital (including Operating Lease Liability), Industry
Consumer Discretionary 0.76

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 11,952 ÷ 12,655 = 0.94

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio (including operating lease liability) 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 2017 to 2018 and from 2018 to 2019.

Debt to Assets

Marriott International Inc., debt to assets calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Current portion of long-term debt 977 833 398 309 300
Long-term debt, excluding current portion 9,963 8,514 7,840 8,197 3,807
Total debt 10,940 9,347 8,238 8,506 4,107
 
Total assets 25,051 23,696 23,948 24,140 6,082
Solvency Ratio
Debt to assets1 0.44 0.39 0.34 0.35 0.68
Benchmarks
Debt to Assets, Competitors2
Airbnb Inc.
Booking Holdings Inc. 0.40
Chipotle Mexican Grill Inc. 0.00
McDonald’s Corp. 0.72
Starbucks Corp. 0.58
Debt to Assets, Sector
Consumer Services 0.58
Debt to Assets, Industry
Consumer Discretionary 0.45

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Debt to assets = Total debt ÷ Total assets
= 10,940 ÷ 25,051 = 0.44

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 2017 to 2018 and from 2018 to 2019.

Debt to Assets (including Operating Lease Liability)

Marriott International Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Current portion of long-term debt 977 833 398 309 300
Long-term debt, excluding current portion 9,963 8,514 7,840 8,197 3,807
Total debt 10,940 9,347 8,238 8,506 4,107
Current operating lease liabilities (recorded in Accrued expenses and other) 130
Noncurrent operating lease liabilities 882
Total debt (including operating lease liability) 11,952 9,347 8,238 8,506 4,107
 
Total assets 25,051 23,696 23,948 24,140 6,082
Solvency Ratio
Debt to assets (including operating lease liability)1 0.48 0.39 0.34 0.35 0.68
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
Airbnb Inc.
Booking Holdings Inc. 0.43
Chipotle Mexican Grill Inc. 0.56
McDonald’s Corp. 1.00
Starbucks Corp. 0.58
Debt to Assets (including Operating Lease Liability), Sector
Consumer Services 0.76
Debt to Assets (including Operating Lease Liability), Industry
Consumer Discretionary 0.50

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 11,952 ÷ 25,051 = 0.48

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio (including operating lease liability) 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 2017 to 2018 and from 2018 to 2019.

Financial Leverage

Marriott International Inc., financial leverage calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Total assets 25,051 23,696 23,948 24,140 6,082
Shareholders’ equity (deficit) 703 2,225 3,731 5,357 (3,590)
Solvency Ratio
Financial leverage1 35.63 10.65 6.42 4.51
Benchmarks
Financial Leverage, Competitors2
Airbnb Inc.
Booking Holdings Inc. 3.61
Chipotle Mexican Grill Inc. 3.03
McDonald’s Corp.
Starbucks Corp.
Financial Leverage, Sector
Consumer Services
Financial Leverage, Industry
Consumer Discretionary 6.22

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity (deficit)
= 25,051 ÷ 703 = 35.63

2 Click competitor name to see calculations.

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Marriott International Inc. financial leverage ratio increased from 2017 to 2018 and from 2018 to 2019.

Interest Coverage

Marriott International Inc., interest coverage calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Net income 1,273 1,907 1,372 780 859
Add: Income tax expense 326 438 1,464 404 396
Add: Interest expense 394 340 288 234 167
Earnings before interest and tax (EBIT) 1,993 2,685 3,124 1,418 1,422
Solvency Ratio
Interest coverage1 5.06 7.90 10.85 6.06 8.51
Benchmarks
Interest Coverage, Competitors2
Airbnb Inc.
Booking Holdings Inc. 23.40
Chipotle Mexican Grill Inc.
McDonald’s Corp. 8.15
Starbucks Corp. 14.49
Interest Coverage, Sector
Consumer Services 12.00
Interest Coverage, Industry
Consumer Discretionary 9.65

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Interest coverage = EBIT ÷ Interest expense
= 1,993 ÷ 394 = 5.06

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 2017 to 2018 and from 2018 to 2019.

Fixed Charge Coverage

Marriott International Inc., fixed charge coverage calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Net income 1,273 1,907 1,372 780 859
Add: Income tax expense 326 438 1,464 404 396
Add: Interest expense 394 340 288 234 167
Earnings before interest and tax (EBIT) 1,993 2,685 3,124 1,418 1,422
Add: Operating lease cost 185 192 194 150 138
Earnings before fixed charges and tax 2,178 2,877 3,318 1,568 1,560
 
Interest expense 394 340 288 234 167
Operating lease cost 185 192 194 150 138
Fixed charges 579 532 482 384 305
Solvency Ratio
Fixed charge coverage1 3.76 5.41 6.88 4.08 5.11
Benchmarks
Fixed Charge Coverage, Competitors2
Airbnb Inc.
Booking Holdings Inc. 14.27
Chipotle Mexican Grill Inc. 2.49
McDonald’s Corp. 3.94
Starbucks Corp. 3.52
Fixed Charge Coverage, Sector
Consumer Services 4.59
Fixed Charge Coverage, Industry
Consumer Discretionary 4.20

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 2,178 ÷ 579 = 3.76

2 Click competitor name to see calculations.

Solvency ratio Description The company
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Marriott International Inc. fixed charge coverage ratio deteriorated from 2017 to 2018 and from 2018 to 2019.