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 
Quarterly Data

Microsoft Excel

Solvency Ratios (Summary)

Marriott International Inc., solvency ratios (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Debt Ratios
Debt to equity 15.56 12.86 8.40 6.40 4.20 4.01 3.16 2.48 2.21 1.92 1.70 1.64 1.59 1.51
Debt to equity (including operating lease liability) 16.82 13.90 9.12 6.95 4.20 4.01 3.16 2.48 2.21 1.92 1.70 1.64 1.59 1.51
Debt to capital 1.00 0.94 0.93 0.89 0.86 0.81 0.80 0.76 0.71 0.69 0.66 0.63 0.62 0.61 0.60 4.86 8.45 7.94 6.02 4.43 2.70
Debt to capital (including operating lease liability) 1.00 0.94 0.93 0.90 0.87 0.81 0.80 0.76 0.71 0.69 0.66 0.63 0.62 0.61 0.60 4.86 8.45 7.94 6.02 4.43 2.70
Debt to assets 0.48 0.44 0.43 0.42 0.41 0.39 0.39 0.38 0.36 0.34 0.36 0.35 0.35 0.35 0.35 0.66 0.68 0.68 0.70 0.62 0.59
Debt to assets (including operating lease liability) 0.51 0.47 0.47 0.45 0.45 0.39 0.39 0.38 0.36 0.34 0.36 0.35 0.35 0.35 0.35 0.66 0.68 0.68 0.70 0.62 0.59
Financial leverage 35.63 29.61 20.08 15.44 10.65 10.26 8.39 6.87 6.42 5.37 4.87 4.63 4.51 4.28
Coverage Ratios
Interest coverage 4.04 5.06 5.12 5.45 7.20 7.90 11.00 11.38 10.84 10.85 8.01 6.83 6.23 6.06 6.29 7.54 8.16 8.51

Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

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 Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.
Debt to capital (including operating lease liability) ratio 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 Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Marriott International Inc. debt to assets ratio deteriorated from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.
Debt to assets (including operating lease liability) ratio 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 Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.

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 Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.

Debt to Equity

Marriott International Inc., debt to equity calculation (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Current portion of long-term debt 1,664 977 227 229 231 833 617 616 988 398 398 402 309 309 316 303 300 300 615 614 325
Long-term debt, excluding current portion 10,569 9,963 10,552 10,185 10,025 8,514 8,710 8,375 7,858 7,840 8,271 7,911 8,161 8,197 8,506 4,057 3,859 3,807 3,689 3,303 3,703
Total debt 12,233 10,940 10,779 10,414 10,256 9,347 9,327 8,991 8,846 8,238 8,669 8,313 8,470 8,506 8,822 4,360 4,159 4,107 4,304 3,917 4,028
 
Shareholders’ equity (deficit) (20) 703 838 1,240 1,603 2,225 2,324 2,841 3,566 3,731 4,512 4,901 5,168 5,357 5,841 (3,462) (3,667) (3,590) (3,589) (3,033) (2,537)
Solvency Ratio
Debt to equity1 15.56 12.86 8.40 6.40 4.20 4.01 3.16 2.48 2.21 1.92 1.70 1.64 1.59 1.51
Benchmarks
Debt to Equity, Competitors2
Airbnb Inc.
Booking Holdings Inc. 2.23 1.45 1.43 1.63 1.24
Chipotle Mexican Grill Inc. 0.00 0.00 0.00 0.00 0.00
McDonald’s Corp.
Starbucks Corp. 8.07 1.70 1.39 0.85

Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Q1 2020 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity (deficit)
= 12,233 ÷ -20 =

2 Click competitor name to see calculations.


Debt to Equity (including Operating Lease Liability)

Marriott International Inc., debt to equity (including operating lease liability) calculation (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Current portion of long-term debt 1,664 977 227 229 231 833 617 616 988 398 398 402 309 309 316 303 300 300 615 614 325
Long-term debt, excluding current portion 10,569 9,963 10,552 10,185 10,025 8,514 8,710 8,375 7,858 7,840 8,271 7,911 8,161 8,197 8,506 4,057 3,859 3,807 3,689 3,303 3,703
Total debt 12,233 10,940 10,779 10,414 10,256 9,347 9,327 8,991 8,846 8,238 8,669 8,313 8,470 8,506 8,822 4,360 4,159 4,107 4,304 3,917 4,028
Noncurrent operating lease liabilities 846 882 868 893 889
Total debt (including operating lease liability) 13,079 11,822 11,647 11,307 11,145 9,347 9,327 8,991 8,846 8,238 8,669 8,313 8,470 8,506 8,822 4,360 4,159 4,107 4,304 3,917 4,028
 
Shareholders’ equity (deficit) (20) 703 838 1,240 1,603 2,225 2,324 2,841 3,566 3,731 4,512 4,901 5,168 5,357 5,841 (3,462) (3,667) (3,590) (3,589) (3,033) (2,537)
Solvency Ratio
Debt to equity (including operating lease liability)1 16.82 13.90 9.12 6.95 4.20 4.01 3.16 2.48 2.21 1.92 1.70 1.64 1.59 1.51
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
Booking Holdings Inc. 2.35 1.53 1.51 1.73 1.31
Chipotle Mexican Grill Inc. 1.76 1.69 1.73 1.75 1.80
Starbucks Corp. 8.07 1.70 1.39 0.85

Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Q1 2020 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Shareholders’ equity (deficit)
= 13,079 ÷ -20 =

2 Click competitor name to see calculations.


Debt to Capital

Marriott International Inc., debt to capital calculation (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Current portion of long-term debt 1,664 977 227 229 231 833 617 616 988 398 398 402 309 309 316 303 300 300 615 614 325
Long-term debt, excluding current portion 10,569 9,963 10,552 10,185 10,025 8,514 8,710 8,375 7,858 7,840 8,271 7,911 8,161 8,197 8,506 4,057 3,859 3,807 3,689 3,303 3,703
Total debt 12,233 10,940 10,779 10,414 10,256 9,347 9,327 8,991 8,846 8,238 8,669 8,313 8,470 8,506 8,822 4,360 4,159 4,107 4,304 3,917 4,028
Shareholders’ equity (deficit) (20) 703 838 1,240 1,603 2,225 2,324 2,841 3,566 3,731 4,512 4,901 5,168 5,357 5,841 (3,462) (3,667) (3,590) (3,589) (3,033) (2,537)
Total capital 12,213 11,643 11,617 11,654 11,859 11,572 11,651 11,832 12,412 11,969 13,181 13,214 13,638 13,863 14,663 898 492 517 715 884 1,491
Solvency Ratio
Debt to capital1 1.00 0.94 0.93 0.89 0.86 0.81 0.80 0.76 0.71 0.69 0.66 0.63 0.62 0.61 0.60 4.86 8.45 7.94 6.02 4.43 2.70
Benchmarks
Debt to Capital, Competitors2
Airbnb Inc.
Booking Holdings Inc. 0.69 0.59 0.59 0.62 0.55
Chipotle Mexican Grill Inc. 0.00 0.00 0.00 0.00 0.00
McDonald’s Corp. 1.31 1.32 1.35 1.26 1.25
Starbucks Corp. 2.38 2.26 1.63 2.21 1.46 0.89 0.63 0.58 0.46

Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Q1 2020 Calculation
Debt to capital = Total debt ÷ Total capital
= 12,233 ÷ 12,213 = 1.00

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 Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.

Debt to Capital (including Operating Lease Liability)

Marriott International Inc., debt to capital (including operating lease liability) calculation (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Current portion of long-term debt 1,664 977 227 229 231 833 617 616 988 398 398 402 309 309 316 303 300 300 615 614 325
Long-term debt, excluding current portion 10,569 9,963 10,552 10,185 10,025 8,514 8,710 8,375 7,858 7,840 8,271 7,911 8,161 8,197 8,506 4,057 3,859 3,807 3,689 3,303 3,703
Total debt 12,233 10,940 10,779 10,414 10,256 9,347 9,327 8,991 8,846 8,238 8,669 8,313 8,470 8,506 8,822 4,360 4,159 4,107 4,304 3,917 4,028
Noncurrent operating lease liabilities 846 882 868 893 889
Total debt (including operating lease liability) 13,079 11,822 11,647 11,307 11,145 9,347 9,327 8,991 8,846 8,238 8,669 8,313 8,470 8,506 8,822 4,360 4,159 4,107 4,304 3,917 4,028
Shareholders’ equity (deficit) (20) 703 838 1,240 1,603 2,225 2,324 2,841 3,566 3,731 4,512 4,901 5,168 5,357 5,841 (3,462) (3,667) (3,590) (3,589) (3,033) (2,537)
Total capital (including operating lease liability) 13,059 12,525 12,485 12,547 12,748 11,572 11,651 11,832 12,412 11,969 13,181 13,214 13,638 13,863 14,663 898 492 517 715 884 1,491
Solvency Ratio
Debt to capital (including operating lease liability)1 1.00 0.94 0.93 0.90 0.87 0.81 0.80 0.76 0.71 0.69 0.66 0.63 0.62 0.61 0.60 4.86 8.45 7.94 6.02 4.43 2.70
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
Booking Holdings Inc. 0.70 0.61 0.60 0.63 0.57
Chipotle Mexican Grill Inc. 0.64 0.63 0.63 0.64 0.64
Starbucks Corp. 1.49 2.26 1.63 2.21 1.46 0.89 0.63 0.58 0.46

Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Q1 2020 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 13,079 ÷ 13,059 = 1.00

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital (including operating lease liability) ratio 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 Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.

Debt to Assets

Marriott International Inc., debt to assets calculation (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Current portion of long-term debt 1,664 977 227 229 231 833 617 616 988 398 398 402 309 309 316 303 300 300 615 614 325
Long-term debt, excluding current portion 10,569 9,963 10,552 10,185 10,025 8,514 8,710 8,375 7,858 7,840 8,271 7,911 8,161 8,197 8,506 4,057 3,859 3,807 3,689 3,303 3,703
Total debt 12,233 10,940 10,779 10,414 10,256 9,347 9,327 8,991 8,846 8,238 8,669 8,313 8,470 8,506 8,822 4,360 4,159 4,107 4,304 3,917 4,028
 
Total assets 25,549 25,051 24,812 24,893 24,746 23,696 23,833 23,844 24,484 23,948 24,236 23,881 23,925 24,140 25,002 6,650 6,121 6,082 6,153 6,321 6,803
Solvency Ratio
Debt to assets1 0.48 0.44 0.43 0.42 0.41 0.39 0.39 0.38 0.36 0.34 0.36 0.35 0.35 0.35 0.35 0.66 0.68 0.68 0.70 0.62 0.59
Benchmarks
Debt to Assets, Competitors2
Airbnb Inc.
Booking Holdings Inc. 0.48 0.40 0.40 0.40 0.38
Chipotle Mexican Grill Inc. 0.00 0.00 0.00 0.00 0.00
McDonald’s Corp. 0.77 0.72 0.72 0.71 0.71
Starbucks Corp. 0.42 0.58 0.53 0.52 0.46 0.39 0.40 0.37 0.27

Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Q1 2020 Calculation
Debt to assets = Total debt ÷ Total assets
= 12,233 ÷ 25,549 = 0.48

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 Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.

Debt to Assets (including Operating Lease Liability)

Marriott International Inc., debt to assets (including operating lease liability) calculation (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Current portion of long-term debt 1,664 977 227 229 231 833 617 616 988 398 398 402 309 309 316 303 300 300 615 614 325
Long-term debt, excluding current portion 10,569 9,963 10,552 10,185 10,025 8,514 8,710 8,375 7,858 7,840 8,271 7,911 8,161 8,197 8,506 4,057 3,859 3,807 3,689 3,303 3,703
Total debt 12,233 10,940 10,779 10,414 10,256 9,347 9,327 8,991 8,846 8,238 8,669 8,313 8,470 8,506 8,822 4,360 4,159 4,107 4,304 3,917 4,028
Noncurrent operating lease liabilities 846 882 868 893 889
Total debt (including operating lease liability) 13,079 11,822 11,647 11,307 11,145 9,347 9,327 8,991 8,846 8,238 8,669 8,313 8,470 8,506 8,822 4,360 4,159 4,107 4,304 3,917 4,028
 
Total assets 25,549 25,051 24,812 24,893 24,746 23,696 23,833 23,844 24,484 23,948 24,236 23,881 23,925 24,140 25,002 6,650 6,121 6,082 6,153 6,321 6,803
Solvency Ratio
Debt to assets (including operating lease liability)1 0.51 0.47 0.47 0.45 0.45 0.39 0.39 0.38 0.36 0.34 0.36 0.35 0.35 0.35 0.35 0.66 0.68 0.68 0.70 0.62 0.59
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
Booking Holdings Inc. 0.50 0.42 0.42 0.43 0.41
Chipotle Mexican Grill Inc. 0.57 0.56 0.57 0.58 0.58
Starbucks Corp. 0.74 0.58 0.53 0.52 0.46 0.39 0.40 0.37 0.27

Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Q1 2020 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 13,079 ÷ 25,549 = 0.51

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets (including operating lease liability) ratio 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 Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.

Financial Leverage

Marriott International Inc., financial leverage calculation (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Total assets 25,549 25,051 24,812 24,893 24,746 23,696 23,833 23,844 24,484 23,948 24,236 23,881 23,925 24,140 25,002 6,650 6,121 6,082 6,153 6,321 6,803
Shareholders’ equity (deficit) (20) 703 838 1,240 1,603 2,225 2,324 2,841 3,566 3,731 4,512 4,901 5,168 5,357 5,841 (3,462) (3,667) (3,590) (3,589) (3,033) (2,537)
Solvency Ratio
Financial leverage1 35.63 29.61 20.08 15.44 10.65 10.26 8.39 6.87 6.42 5.37 4.87 4.63 4.51 4.28
Benchmarks
Financial Leverage, Competitors2
Airbnb Inc.
Booking Holdings Inc. 4.66 3.61 3.60 4.05 3.23
Chipotle Mexican Grill Inc. 3.11 3.03 3.04 3.03 3.12
McDonald’s Corp.
Starbucks Corp. 20.66 4.31 3.73 3.22

Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Q1 2020 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity (deficit)
= 25,549 ÷ -20 =

2 Click competitor name to see calculations.


Interest Coverage

Marriott International Inc., interest coverage calculation (quarterly data)

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Net income 31 279 387 232 375 317 503 667 420 201 392 414 365 244 70 247 219 202 210 240 207
Add: Income tax expense (12) 47 140 82 57 28 91 207 112 978 188 178 120 139 61 97 107 82 99 115 100
Add: Interest expense 93 95 100 102 97 94 86 85 75 72 73 73 70 75 55 57 47 46 43 42 36
Earnings before interest and tax (EBIT) 112 421 627 416 529 439 680 959 607 1,251 653 665 555 458 186 401 373 330 352 397 343
Solvency Ratio
Interest coverage1 4.04 5.06 5.12 5.45 7.20 7.90 11.00 11.38 10.84 10.85 8.01 6.83 6.23 6.06 6.29 7.54 8.16 8.51
Benchmarks
Interest Coverage, Competitors2
Airbnb Inc.
Booking Holdings Inc. 17.17 23.40
McDonald’s Corp. 7.77 8.15
Starbucks Corp. 14.35 14.49 15.69 15.50 18.04 34.94

Based on: 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).

1 Q1 2020 Calculation
Interest coverage = (EBITQ1 2020 + EBITQ4 2019 + EBITQ3 2019 + EBITQ2 2019) ÷ (Interest expenseQ1 2020 + Interest expenseQ4 2019 + Interest expenseQ3 2019 + Interest expenseQ2 2019)
= (112 + 421 + 627 + 416) ÷ (93 + 95 + 100 + 102) = 4.04

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 Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.