Stock Analysis on Net
Stock Analysis on Net

Hilton Worldwide Holdings Inc. (NYSE:HLT)

This company has been moved to the archive! The financial data has not been updated since August 7, 2024.

Adjusted Financial Ratios

Microsoft Excel

Adjusted Financial Ratios (Summary)

Hilton Worldwide Holdings Inc., adjusted financial ratios

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Activity Ratio
Total Asset Turnover
Reported 0.66 0.57 0.37 0.26 0.63
Adjusted 0.68 0.58 0.37 0.27 0.63
Liquidity Ratio
Current Ratio
Reported 0.70 0.85 0.95 1.73 0.73
Adjusted 0.85 1.02 1.12 2.10 0.84
Solvency Ratios
Debt to Equity
Reported — — — — —
Adjusted — 10.00 9.40 24.48 6.43
Debt to Capital
Reported 1.35 1.14 1.10 1.17 1.06
Adjusted 1.03 0.91 0.90 0.96 0.87
Financial Leverage
Reported — — — — —
Adjusted — 15.92 14.76 35.14 10.45
Profitability Ratios
Net Profit Margin
Reported 11.15% 14.31% 7.08% -16.60% 9.32%
Adjusted 10.42% 17.08% 6.22% -14.86% 8.40%
Return on Equity (ROE)
Reported — — — — —
Adjusted — 157.69% 33.85% -141.47% 55.61%
Return on Assets (ROA)
Reported 7.41% 8.09% 2.66% -4.27% 5.89%
Adjusted 7.08% 9.91% 2.29% -4.03% 5.32%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Hilton Worldwide Holdings Inc. adjusted total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Hilton Worldwide Holdings Inc. adjusted current ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Hilton Worldwide Holdings Inc. adjusted debt-to-capital ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Hilton Worldwide Holdings Inc. adjusted net profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Hilton Worldwide Holdings Inc. adjusted ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Hilton Worldwide Holdings Inc., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Reported
Selected Financial Data (US$ in millions)
Revenues 10,235 8,773 5,788 4,307 9,452
Total assets 15,401 15,512 15,441 16,755 14,957
Activity Ratio
Total asset turnover1 0.66 0.57 0.37 0.26 0.63
Adjusted
Selected Financial Data (US$ in millions)
Adjusted revenues2 10,450 8,946 5,660 4,522 9,435
Adjusted total assets3 15,392 15,425 15,354 16,693 14,901
Activity Ratio
Adjusted total asset turnover4 0.68 0.58 0.37 0.27 0.63

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Total asset turnover = Revenues ÷ Total assets
= 10,235 ÷ 15,401 = 0.66

2 Adjusted revenues. See details »

3 Adjusted total assets. See details »

4 2023 Calculation
Adjusted total asset turnover = Adjusted revenues ÷ Adjusted total assets
= 10,450 ÷ 15,392 = 0.68

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Hilton Worldwide Holdings Inc. adjusted total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Adjusted Current Ratio

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Reported
Selected Financial Data (US$ in millions)
Current assets 2,614 2,870 2,871 4,202 2,093
Current liabilities 3,722 3,372 3,019 2,431 2,871
Liquidity Ratio
Current ratio1 0.70 0.85 0.95 1.73 0.73
Adjusted
Selected Financial Data (US$ in millions)
Adjusted current assets2 2,745 2,987 2,997 4,334 2,137
Adjusted current liabilities3 3,220 2,939 2,669 2,061 2,539
Liquidity Ratio
Adjusted current ratio4 0.85 1.02 1.12 2.10 0.84

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 2,614 ÷ 3,722 = 0.70

2 Adjusted current assets. See details »

3 Adjusted current liabilities. See details »

4 2023 Calculation
Adjusted current ratio = Adjusted current assets ÷ Adjusted current liabilities
= 2,745 ÷ 3,220 = 0.85

Liquidity ratio Description The company
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Hilton Worldwide Holdings Inc. adjusted current ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Adjusted Debt to Equity

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Reported
Selected Financial Data (US$ in millions)
Total debt 9,196 8,747 8,766 10,487 7,993
Total Hilton stockholders’ deficit (2,360) (1,102) (821) (1,490) (482)
Solvency Ratio
Debt to equity1 — — — — —
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 10,120 9,691 9,776 11,628 9,163
Adjusted total deficit3 (321) 969 1,040 475 1,426
Solvency Ratio
Adjusted debt to equity4 — 10.00 9.40 24.48 6.43

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Debt to equity = Total debt ÷ Total Hilton stockholders’ deficit
= 9,196 ÷ -2,360 = —

2 Adjusted total debt. See details »

3 Adjusted total deficit. See details »

4 2023 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted total deficit
= 10,120 ÷ -321 = —

Adjusted Debt to Capital

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Reported
Selected Financial Data (US$ in millions)
Total debt 9,196 8,747 8,766 10,487 7,993
Total capital 6,836 7,645 7,945 8,997 7,511
Solvency Ratio
Debt to capital1 1.35 1.14 1.10 1.17 1.06
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 10,120 9,691 9,776 11,628 9,163
Adjusted total capital3 9,799 10,660 10,816 12,103 10,589
Solvency Ratio
Adjusted debt to capital4 1.03 0.91 0.90 0.96 0.87

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 9,196 ÷ 6,836 = 1.35

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2023 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 10,120 ÷ 9,799 = 1.03

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Hilton Worldwide Holdings Inc. adjusted debt-to-capital ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Adjusted Financial Leverage

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Reported
Selected Financial Data (US$ in millions)
Total assets 15,401 15,512 15,441 16,755 14,957
Total Hilton stockholders’ deficit (2,360) (1,102) (821) (1,490) (482)
Solvency Ratio
Financial leverage1 — — — — —
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets2 15,392 15,425 15,354 16,693 14,901
Adjusted total deficit3 (321) 969 1,040 475 1,426
Solvency Ratio
Adjusted financial leverage4 — 15.92 14.76 35.14 10.45

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Financial leverage = Total assets ÷ Total Hilton stockholders’ deficit
= 15,401 ÷ -2,360 = —

2 Adjusted total assets. See details »

3 Adjusted total deficit. See details »

4 2023 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total deficit
= 15,392 ÷ -321 = —

Adjusted Net Profit Margin

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Hilton stockholders 1,141 1,255 410 (715) 881
Revenues 10,235 8,773 5,788 4,307 9,452
Profitability Ratio
Net profit margin1 11.15% 14.31% 7.08% -16.60% 9.32%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)2 1,089 1,528 352 (672) 793
Adjusted revenues3 10,450 8,946 5,660 4,522 9,435
Profitability Ratio
Adjusted net profit margin4 10.42% 17.08% 6.22% -14.86% 8.40%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Net profit margin = 100 × Net income (loss) attributable to Hilton stockholders ÷ Revenues
= 100 × 1,141 ÷ 10,235 = 11.15%

2 Adjusted net income (loss). See details »

3 Adjusted revenues. See details »

4 2023 Calculation
Adjusted net profit margin = 100 × Adjusted net income (loss) ÷ Adjusted revenues
= 100 × 1,089 ÷ 10,450 = 10.42%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Hilton Worldwide Holdings Inc. adjusted net profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Hilton stockholders 1,141 1,255 410 (715) 881
Total Hilton stockholders’ deficit (2,360) (1,102) (821) (1,490) (482)
Profitability Ratio
ROE1 — — — — —
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)2 1,089 1,528 352 (672) 793
Adjusted total deficit3 (321) 969 1,040 475 1,426
Profitability Ratio
Adjusted ROE4 — 157.69% 33.85% -141.47% 55.61%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
ROE = 100 × Net income (loss) attributable to Hilton stockholders ÷ Total Hilton stockholders’ deficit
= 100 × 1,141 ÷ -2,360 = —

2 Adjusted net income (loss). See details »

3 Adjusted total deficit. See details »

4 2023 Calculation
Adjusted ROE = 100 × Adjusted net income (loss) ÷ Adjusted total deficit
= 100 × 1,089 ÷ -321 = —

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Hilton stockholders 1,141 1,255 410 (715) 881
Total assets 15,401 15,512 15,441 16,755 14,957
Profitability Ratio
ROA1 7.41% 8.09% 2.66% -4.27% 5.89%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)2 1,089 1,528 352 (672) 793
Adjusted total assets3 15,392 15,425 15,354 16,693 14,901
Profitability Ratio
Adjusted ROA4 7.08% 9.91% 2.29% -4.03% 5.32%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
ROA = 100 × Net income (loss) attributable to Hilton stockholders ÷ Total assets
= 100 × 1,141 ÷ 15,401 = 7.41%

2 Adjusted net income (loss). See details »

3 Adjusted total assets. See details »

4 2023 Calculation
Adjusted ROA = 100 × Adjusted net income (loss) ÷ Adjusted total assets
= 100 × 1,089 ÷ 15,392 = 7.08%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Hilton Worldwide Holdings Inc. adjusted ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.