Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Hilton Worldwide Holdings Inc., solvency ratios (quarterly data)
Based on: 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 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).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Hilton Worldwide Holdings Inc. debt to capital ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
| 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. | Hilton Worldwide Holdings Inc. debt to capital ratio (including operating lease liability) deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Hilton Worldwide Holdings Inc. debt to assets ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Hilton Worldwide Holdings Inc. debt to assets ratio (including operating lease liability) deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Hilton Worldwide Holdings Inc. interest coverage ratio improved from Q4 2023 to Q1 2024 but then deteriorated significantly from Q1 2024 to Q2 2024. |
Debt to Equity
Hilton Worldwide Holdings Inc., debt to equity calculation (quarterly data)
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current maturities of long-term debt | 539) | 38) | 39) | 37) | 35) | 35) | 39) | 39) | 41) | 45) | 54) | 54) | 50) | 48) | 56) | 51) | 45) | 41) | 37) | 38) | 37) | 35) | |||||||
| Long-term debt, excluding current maturities | 9,633) | 10,135) | 9,157) | 8,682) | 8,696) | 8,706) | 8,708) | 8,692) | 8,702) | 8,720) | 8,712) | 8,713) | 8,716) | 9,908) | 10,431) | 10,439) | 10,437) | 9,455) | 7,956) | 7,767) | 7,772) | 7,330) | |||||||
| Total debt | 10,172) | 10,173) | 9,196) | 8,719) | 8,731) | 8,741) | 8,747) | 8,731) | 8,743) | 8,765) | 8,766) | 8,767) | 8,766) | 9,956) | 10,487) | 10,490) | 10,482) | 9,496) | 7,993) | 7,805) | 7,809) | 7,365) | |||||||
| Total Hilton stockholders’ equity (deficit) | (3,116) | (2,833) | (2,360) | (1,763) | (1,431) | (1,420) | (1,102) | (913) | (789) | (698) | (821) | (1,128) | (1,417) | (1,623) | (1,490) | (1,324) | (1,299) | (914) | (482) | (208) | (30) | 100) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to equity1 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 73.65 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | |||||||||||||||||||||||||||||
| Airbnb Inc. | 0.25 | 0.25 | 0.24 | 0.22 | 0.39 | 0.38 | 0.36 | 0.36 | 0.38 | 0.42 | 0.42 | 0.45 | 0.58 | 0.63 | — | — | — | — | — | — | — | — | |||||||
| Booking Holdings Inc. | — | — | — | — | — | 11.29 | 4.49 | 2.50 | 2.37 | 2.23 | 1.77 | 1.99 | 2.54 | 2.90 | 2.46 | 2.40 | 2.90 | 2.23 | 1.45 | 1.43 | 1.63 | 1.24 | |||||||
| Chipotle Mexican Grill Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||
| McDonald’s Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Starbucks Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 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).
1 Q2 2024 Calculation
Debt to equity = Total debt ÷ Total Hilton stockholders’ equity (deficit)
= 10,172 ÷ -3,116 = —
2 Click competitor name to see calculations.
Debt to Equity (including Operating Lease Liability)
Hilton Worldwide Holdings Inc., debt to equity (including operating lease liability) calculation (quarterly data)
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current maturities of long-term debt | 539) | 38) | 39) | 37) | 35) | 35) | 39) | 39) | 41) | 45) | 54) | 54) | 50) | 48) | 56) | 51) | 45) | 41) | 37) | 38) | 37) | 35) | |||||||
| Long-term debt, excluding current maturities | 9,633) | 10,135) | 9,157) | 8,682) | 8,696) | 8,706) | 8,708) | 8,692) | 8,702) | 8,720) | 8,712) | 8,713) | 8,716) | 9,908) | 10,431) | 10,439) | 10,437) | 9,455) | 7,956) | 7,767) | 7,772) | 7,330) | |||||||
| Total debt | 10,172) | 10,173) | 9,196) | 8,719) | 8,731) | 8,741) | 8,747) | 8,731) | 8,743) | 8,765) | 8,766) | 8,767) | 8,766) | 9,956) | 10,487) | 10,490) | 10,482) | 9,496) | 7,993) | 7,805) | 7,809) | 7,365) | |||||||
| Operating lease liabilities, non-current | 786) | 775) | 808) | 804) | 839) | 831) | 832) | 786) | 753) | 823) | 870) | 899) | 955) | 970) | 971) | 954) | 926) | 966) | 1,037) | 1,004) | 1,066) | 1,103) | |||||||
| Total debt (including operating lease liability) | 10,958) | 10,948) | 10,004) | 9,523) | 9,570) | 9,572) | 9,579) | 9,517) | 9,496) | 9,588) | 9,636) | 9,666) | 9,721) | 10,926) | 11,458) | 11,444) | 11,408) | 10,462) | 9,030) | 8,809) | 8,875) | 8,468) | |||||||
| Total Hilton stockholders’ equity (deficit) | (3,116) | (2,833) | (2,360) | (1,763) | (1,431) | (1,420) | (1,102) | (913) | (789) | (698) | (821) | (1,128) | (1,417) | (1,623) | (1,490) | (1,324) | (1,299) | (914) | (482) | (208) | (30) | 100) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to equity (including operating lease liability)1 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 84.68 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||
| Booking Holdings Inc. | — | — | — | — | — | 11.79 | 4.69 | 2.58 | 2.45 | 2.31 | 1.83 | 2.04 | 2.60 | 2.97 | 2.53 | 2.49 | 3.01 | 2.35 | 1.53 | 1.51 | 1.73 | 1.31 | |||||||
| Chipotle Mexican Grill Inc. | 1.15 | 1.24 | 1.32 | 1.39 | 1.41 | 1.52 | 1.58 | 1.60 | 1.68 | 1.67 | 1.53 | 1.51 | 1.54 | 1.55 | 1.56 | 1.71 | 1.76 | 1.76 | 1.69 | 1.73 | 1.75 | 1.80 | |||||||
| Starbucks Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 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).
1 Q2 2024 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Total Hilton stockholders’ equity (deficit)
= 10,958 ÷ -3,116 = —
2 Click competitor name to see calculations.
Debt to Capital
Hilton Worldwide Holdings Inc., debt to capital calculation (quarterly data)
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current maturities of long-term debt | 539) | 38) | 39) | 37) | 35) | 35) | 39) | 39) | 41) | 45) | 54) | 54) | 50) | 48) | 56) | 51) | 45) | 41) | 37) | 38) | 37) | 35) | |||||||
| Long-term debt, excluding current maturities | 9,633) | 10,135) | 9,157) | 8,682) | 8,696) | 8,706) | 8,708) | 8,692) | 8,702) | 8,720) | 8,712) | 8,713) | 8,716) | 9,908) | 10,431) | 10,439) | 10,437) | 9,455) | 7,956) | 7,767) | 7,772) | 7,330) | |||||||
| Total debt | 10,172) | 10,173) | 9,196) | 8,719) | 8,731) | 8,741) | 8,747) | 8,731) | 8,743) | 8,765) | 8,766) | 8,767) | 8,766) | 9,956) | 10,487) | 10,490) | 10,482) | 9,496) | 7,993) | 7,805) | 7,809) | 7,365) | |||||||
| Total Hilton stockholders’ equity (deficit) | (3,116) | (2,833) | (2,360) | (1,763) | (1,431) | (1,420) | (1,102) | (913) | (789) | (698) | (821) | (1,128) | (1,417) | (1,623) | (1,490) | (1,324) | (1,299) | (914) | (482) | (208) | (30) | 100) | |||||||
| Total capital | 7,056) | 7,340) | 6,836) | 6,956) | 7,300) | 7,321) | 7,645) | 7,818) | 7,954) | 8,067) | 7,945) | 7,639) | 7,349) | 8,333) | 8,997) | 9,166) | 9,183) | 8,582) | 7,511) | 7,597) | 7,779) | 7,465) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to capital1 | 1.44 | 1.39 | 1.35 | 1.25 | 1.20 | 1.19 | 1.14 | 1.12 | 1.10 | 1.09 | 1.10 | 1.15 | 1.19 | 1.19 | 1.17 | 1.14 | 1.14 | 1.11 | 1.06 | 1.03 | 1.00 | 0.99 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | |||||||||||||||||||||||||||||
| Airbnb Inc. | 0.20 | 0.20 | 0.20 | 0.18 | 0.28 | 0.27 | 0.26 | 0.26 | 0.27 | 0.30 | 0.29 | 0.31 | 0.37 | 0.39 | — | — | — | — | — | — | — | — | |||||||
| Booking Holdings Inc. | 1.34 | 1.32 | 1.24 | 1.05 | 1.05 | 0.92 | 0.82 | 0.71 | 0.70 | 0.69 | 0.64 | 0.67 | 0.72 | 0.74 | 0.71 | 0.71 | 0.74 | 0.69 | 0.59 | 0.59 | 0.62 | 0.55 | |||||||
| Chipotle Mexican Grill Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||
| McDonald’s Corp. | 1.14 | 1.15 | 1.14 | 1.15 | 1.16 | 1.18 | 1.20 | 1.23 | 1.23 | 1.21 | 1.15 | 1.19 | 1.20 | 1.25 | 1.26 | 1.29 | 1.32 | 1.31 | 1.32 | 1.35 | 1.26 | 1.25 | |||||||
| Starbucks Corp. | 2.18 | 2.35 | 2.08 | 2.18 | 2.22 | 2.39 | 2.37 | 2.34 | 2.21 | 2.34 | 1.57 | 1.87 | 2.09 | 1.99 | 1.91 | 2.05 | 2.16 | 2.38 | 2.26 | 1.63 | 2.21 | 1.46 | |||||||
Based on: 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 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).
1 Q2 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 10,172 ÷ 7,056 = 1.44
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. | Hilton Worldwide Holdings Inc. debt to capital ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
Debt to Capital (including Operating Lease Liability)
Hilton Worldwide Holdings Inc., debt to capital (including operating lease liability) calculation (quarterly data)
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current maturities of long-term debt | 539) | 38) | 39) | 37) | 35) | 35) | 39) | 39) | 41) | 45) | 54) | 54) | 50) | 48) | 56) | 51) | 45) | 41) | 37) | 38) | 37) | 35) | |||||||
| Long-term debt, excluding current maturities | 9,633) | 10,135) | 9,157) | 8,682) | 8,696) | 8,706) | 8,708) | 8,692) | 8,702) | 8,720) | 8,712) | 8,713) | 8,716) | 9,908) | 10,431) | 10,439) | 10,437) | 9,455) | 7,956) | 7,767) | 7,772) | 7,330) | |||||||
| Total debt | 10,172) | 10,173) | 9,196) | 8,719) | 8,731) | 8,741) | 8,747) | 8,731) | 8,743) | 8,765) | 8,766) | 8,767) | 8,766) | 9,956) | 10,487) | 10,490) | 10,482) | 9,496) | 7,993) | 7,805) | 7,809) | 7,365) | |||||||
| Operating lease liabilities, non-current | 786) | 775) | 808) | 804) | 839) | 831) | 832) | 786) | 753) | 823) | 870) | 899) | 955) | 970) | 971) | 954) | 926) | 966) | 1,037) | 1,004) | 1,066) | 1,103) | |||||||
| Total debt (including operating lease liability) | 10,958) | 10,948) | 10,004) | 9,523) | 9,570) | 9,572) | 9,579) | 9,517) | 9,496) | 9,588) | 9,636) | 9,666) | 9,721) | 10,926) | 11,458) | 11,444) | 11,408) | 10,462) | 9,030) | 8,809) | 8,875) | 8,468) | |||||||
| Total Hilton stockholders’ equity (deficit) | (3,116) | (2,833) | (2,360) | (1,763) | (1,431) | (1,420) | (1,102) | (913) | (789) | (698) | (821) | (1,128) | (1,417) | (1,623) | (1,490) | (1,324) | (1,299) | (914) | (482) | (208) | (30) | 100) | |||||||
| Total capital (including operating lease liability) | 7,842) | 8,115) | 7,644) | 7,760) | 8,139) | 8,152) | 8,477) | 8,604) | 8,707) | 8,890) | 8,815) | 8,538) | 8,304) | 9,303) | 9,968) | 10,120) | 10,109) | 9,548) | 8,548) | 8,601) | 8,845) | 8,568) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to capital (including operating lease liability)1 | 1.40 | 1.35 | 1.31 | 1.23 | 1.18 | 1.17 | 1.13 | 1.11 | 1.09 | 1.08 | 1.09 | 1.13 | 1.17 | 1.17 | 1.15 | 1.13 | 1.13 | 1.10 | 1.06 | 1.02 | 1.00 | 0.99 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||
| Booking Holdings Inc. | 1.33 | 1.30 | 1.23 | 1.05 | 1.05 | 0.92 | 0.82 | 0.72 | 0.71 | 0.70 | 0.65 | 0.67 | 0.72 | 0.75 | 0.72 | 0.71 | 0.75 | 0.70 | 0.61 | 0.60 | 0.63 | 0.57 | |||||||
| Chipotle Mexican Grill Inc. | 0.54 | 0.55 | 0.57 | 0.58 | 0.58 | 0.60 | 0.61 | 0.62 | 0.63 | 0.62 | 0.61 | 0.60 | 0.61 | 0.61 | 0.61 | 0.63 | 0.64 | 0.64 | 0.63 | 0.63 | 0.64 | 0.64 | |||||||
| Starbucks Corp. | 1.51 | 1.54 | 1.48 | 1.52 | 1.53 | 1.57 | 1.58 | 1.57 | 1.54 | 1.55 | 1.29 | 1.41 | 1.48 | 1.46 | 1.45 | 1.50 | 1.49 | 1.49 | 2.26 | 1.63 | 2.21 | 1.46 | |||||||
Based on: 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 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).
1 Q2 2024 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 10,958 ÷ 7,842 = 1.40
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. | Hilton Worldwide Holdings Inc. debt to capital ratio (including operating lease liability) deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
Debt to Assets
Hilton Worldwide Holdings Inc., debt to assets calculation (quarterly data)
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current maturities of long-term debt | 539) | 38) | 39) | 37) | 35) | 35) | 39) | 39) | 41) | 45) | 54) | 54) | 50) | 48) | 56) | 51) | 45) | 41) | 37) | 38) | 37) | 35) | |||||||
| Long-term debt, excluding current maturities | 9,633) | 10,135) | 9,157) | 8,682) | 8,696) | 8,706) | 8,708) | 8,692) | 8,702) | 8,720) | 8,712) | 8,713) | 8,716) | 9,908) | 10,431) | 10,439) | 10,437) | 9,455) | 7,956) | 7,767) | 7,772) | 7,330) | |||||||
| Total debt | 10,172) | 10,173) | 9,196) | 8,719) | 8,731) | 8,741) | 8,747) | 8,731) | 8,743) | 8,765) | 8,766) | 8,767) | 8,766) | 9,956) | 10,487) | 10,490) | 10,482) | 9,496) | 7,993) | 7,805) | 7,809) | 7,365) | |||||||
| Total assets | 15,737) | 15,932) | 15,401) | 15,200) | 15,297) | 15,211) | 15,512) | 15,508) | 15,382) | 15,459) | 15,441) | 15,314) | 15,090) | 15,974) | 16,755) | 17,129) | 17,126) | 15,788) | 14,957) | 15,067) | 15,140) | 14,853) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to assets1 | 0.65 | 0.64 | 0.60 | 0.57 | 0.57 | 0.57 | 0.56 | 0.56 | 0.57 | 0.57 | 0.57 | 0.57 | 0.58 | 0.62 | 0.63 | 0.61 | 0.61 | 0.60 | 0.53 | 0.52 | 0.52 | 0.50 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | |||||||||||||||||||||||||||||
| Airbnb Inc. | 0.08 | 0.08 | 0.10 | 0.09 | 0.09 | 0.10 | 0.12 | 0.12 | 0.10 | 0.12 | 0.14 | 0.15 | 0.13 | 0.16 | — | — | — | — | — | — | — | — | |||||||
| Booking Holdings Inc. | 0.59 | 0.61 | 0.58 | 0.54 | 0.53 | 0.48 | 0.49 | 0.42 | 0.39 | 0.44 | 0.46 | 0.47 | 0.51 | 0.58 | 0.55 | 0.53 | 0.55 | 0.48 | 0.40 | 0.40 | 0.40 | 0.38 | |||||||
| Chipotle Mexican Grill Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||
| McDonald’s Corp. | 0.72 | 0.70 | 0.70 | 0.72 | 0.71 | 0.71 | 0.71 | 0.72 | 0.70 | 0.67 | 0.66 | 0.67 | 0.68 | 0.70 | 0.71 | 0.75 | 0.78 | 0.77 | 0.72 | 0.72 | 0.71 | 0.71 | |||||||
| Starbucks Corp. | 0.53 | 0.51 | 0.52 | 0.54 | 0.54 | 0.53 | 0.54 | 0.54 | 0.55 | 0.51 | 0.47 | 0.50 | 0.52 | 0.53 | 0.56 | 0.58 | 0.51 | 0.42 | 0.58 | 0.53 | 0.52 | 0.46 | |||||||
Based on: 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 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).
1 Q2 2024 Calculation
Debt to assets = Total debt ÷ Total assets
= 10,172 ÷ 15,737 = 0.65
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. | Hilton Worldwide Holdings Inc. debt to assets ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
Debt to Assets (including Operating Lease Liability)
Hilton Worldwide Holdings Inc., debt to assets (including operating lease liability) calculation (quarterly data)
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Current maturities of long-term debt | 539) | 38) | 39) | 37) | 35) | 35) | 39) | 39) | 41) | 45) | 54) | 54) | 50) | 48) | 56) | 51) | 45) | 41) | 37) | 38) | 37) | 35) | |||||||
| Long-term debt, excluding current maturities | 9,633) | 10,135) | 9,157) | 8,682) | 8,696) | 8,706) | 8,708) | 8,692) | 8,702) | 8,720) | 8,712) | 8,713) | 8,716) | 9,908) | 10,431) | 10,439) | 10,437) | 9,455) | 7,956) | 7,767) | 7,772) | 7,330) | |||||||
| Total debt | 10,172) | 10,173) | 9,196) | 8,719) | 8,731) | 8,741) | 8,747) | 8,731) | 8,743) | 8,765) | 8,766) | 8,767) | 8,766) | 9,956) | 10,487) | 10,490) | 10,482) | 9,496) | 7,993) | 7,805) | 7,809) | 7,365) | |||||||
| Operating lease liabilities, non-current | 786) | 775) | 808) | 804) | 839) | 831) | 832) | 786) | 753) | 823) | 870) | 899) | 955) | 970) | 971) | 954) | 926) | 966) | 1,037) | 1,004) | 1,066) | 1,103) | |||||||
| Total debt (including operating lease liability) | 10,958) | 10,948) | 10,004) | 9,523) | 9,570) | 9,572) | 9,579) | 9,517) | 9,496) | 9,588) | 9,636) | 9,666) | 9,721) | 10,926) | 11,458) | 11,444) | 11,408) | 10,462) | 9,030) | 8,809) | 8,875) | 8,468) | |||||||
| Total assets | 15,737) | 15,932) | 15,401) | 15,200) | 15,297) | 15,211) | 15,512) | 15,508) | 15,382) | 15,459) | 15,441) | 15,314) | 15,090) | 15,974) | 16,755) | 17,129) | 17,126) | 15,788) | 14,957) | 15,067) | 15,140) | 14,853) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to assets (including operating lease liability)1 | 0.70 | 0.69 | 0.65 | 0.63 | 0.63 | 0.63 | 0.62 | 0.61 | 0.62 | 0.62 | 0.62 | 0.63 | 0.64 | 0.68 | 0.68 | 0.67 | 0.67 | 0.66 | 0.60 | 0.58 | 0.59 | 0.57 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||
| Booking Holdings Inc. | 0.61 | 0.63 | 0.61 | 0.56 | 0.55 | 0.50 | 0.51 | 0.43 | 0.40 | 0.45 | 0.48 | 0.49 | 0.52 | 0.60 | 0.57 | 0.55 | 0.57 | 0.50 | 0.42 | 0.42 | 0.43 | 0.41 | |||||||
| Chipotle Mexican Grill Inc. | 0.48 | 0.49 | 0.50 | 0.51 | 0.51 | 0.53 | 0.54 | 0.55 | 0.55 | 0.55 | 0.53 | 0.53 | 0.53 | 0.53 | 0.53 | 0.55 | 0.56 | 0.57 | 0.56 | 0.57 | 0.58 | 0.58 | |||||||
| Starbucks Corp. | 0.86 | 0.84 | 0.84 | 0.85 | 0.86 | 0.84 | 0.85 | 0.85 | 0.86 | 0.82 | 0.75 | 0.80 | 0.83 | 0.83 | 0.86 | 0.88 | 0.83 | 0.74 | 0.58 | 0.53 | 0.52 | 0.46 | |||||||
Based on: 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 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).
1 Q2 2024 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 10,958 ÷ 15,737 = 0.70
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. | Hilton Worldwide Holdings Inc. debt to assets ratio (including operating lease liability) deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024. |
Financial Leverage
Hilton Worldwide Holdings Inc., financial leverage calculation (quarterly data)
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Total assets | 15,737) | 15,932) | 15,401) | 15,200) | 15,297) | 15,211) | 15,512) | 15,508) | 15,382) | 15,459) | 15,441) | 15,314) | 15,090) | 15,974) | 16,755) | 17,129) | 17,126) | 15,788) | 14,957) | 15,067) | 15,140) | 14,853) | |||||||
| Total Hilton stockholders’ equity (deficit) | (3,116) | (2,833) | (2,360) | (1,763) | (1,431) | (1,420) | (1,102) | (913) | (789) | (698) | (821) | (1,128) | (1,417) | (1,623) | (1,490) | (1,324) | (1,299) | (914) | (482) | (208) | (30) | 100) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Financial leverage1 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 148.53 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | |||||||||||||||||||||||||||||
| Airbnb Inc. | 3.29 | 3.11 | 2.53 | 2.35 | 4.19 | 3.78 | 2.88 | 2.90 | 3.63 | 3.60 | 2.87 | 3.05 | 4.56 | 3.91 | — | — | — | — | — | — | — | — | |||||||
| Booking Holdings Inc. | — | — | — | — | — | 23.47 | 9.12 | 6.01 | 6.12 | 5.12 | 3.83 | 4.21 | 4.98 | 4.97 | 4.47 | 4.51 | 5.23 | 4.66 | 3.61 | 3.60 | 4.05 | 3.23 | |||||||
| Chipotle Mexican Grill Inc. | 2.40 | 2.50 | 2.63 | 2.74 | 2.73 | 2.84 | 2.93 | 2.93 | 3.04 | 3.03 | 2.90 | 2.87 | 2.91 | 2.93 | 2.96 | 3.12 | 3.15 | 3.11 | 3.03 | 3.04 | 3.03 | 3.12 | |||||||
| McDonald’s Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Starbucks Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 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).
1 Q2 2024 Calculation
Financial leverage = Total assets ÷ Total Hilton stockholders’ equity (deficit)
= 15,737 ÷ -3,116 = —
2 Click competitor name to see calculations.
Interest Coverage
Hilton Worldwide Holdings Inc., interest coverage calculation (quarterly data)
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Net income (loss) attributable to Hilton stockholders | 421) | 265) | 147) | 377) | 411) | 206) | 328) | 347) | 368) | 212) | 147) | 241) | 130) | (108) | (224) | (79) | (430) | 18) | 175) | 288) | 260) | 158) | |||||||
| Add: Net income attributable to noncontrolling interest | 1) | 3) | 3) | 2) | 2) | 3) | 5) | (1) | (1) | (1) | 1) | (1) | (2) | (1) | (1) | (2) | (2) | —) | 1) | 2) | 1) | 1) | |||||||
| Add: Income tax expense | 169) | 97) | 124) | 169) | 155) | 93) | 70) | 181) | 146) | 80) | 89) | 100) | (1) | (35) | (124) | (33) | (12) | (35) | 67) | 131) | 101) | 59) | |||||||
| Add: Interest expense | 141) | 131) | 124) | 113) | 111) | 116) | 120) | 106) | 99) | 90) | 95) | 98) | 101) | 103) | 113) | 116) | 106) | 94) | 110) | 105) | 101) | 98) | |||||||
| Earnings before interest and tax (EBIT) | 732) | 496) | 398) | 661) | 679) | 418) | 523) | 633) | 612) | 381) | 332) | 438) | 228) | (41) | (236) | 2) | (338) | 77) | 353) | 526) | 463) | 316) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Interest coverage1 | 4.49 | 4.66 | 4.65 | 4.96 | 4.97 | 4.96 | 5.18 | 5.02 | 4.62 | 3.59 | 2.41 | 0.94 | -0.11 | -1.40 | -1.15 | 0.22 | 1.49 | 3.46 | 4.00 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | |||||||||||||||||||||||||||||
| Airbnb Inc. | 30.48 | 29.67 | 26.33 | 166.72 | 145.45 | 96.66 | 83.88 | 81.06 | 58.89 | 40.98 | 0.31 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Booking Holdings Inc. | 7.79 | 7.63 | 7.11 | 8.82 | 9.14 | 10.82 | 11.03 | 11.24 | 7.95 | 3.94 | 5.39 | 3.50 | 3.03 | 3.59 | 2.59 | 6.44 | 12.20 | 17.17 | 23.40 | — | — | — | |||||||
| McDonald’s Corp. | 8.19 | 8.60 | 8.73 | 8.82 | 8.73 | 7.84 | 7.48 | 7.44 | 7.64 | 8.43 | 8.70 | 8.38 | 7.89 | 6.37 | 6.04 | 6.32 | 6.39 | 7.77 | 8.15 | — | — | — | |||||||
| Starbucks Corp. | 10.61 | 11.07 | 10.82 | 10.22 | 10.01 | 9.66 | 9.76 | 12.25 | 12.95 | 13.08 | 12.40 | 8.49 | 3.76 | 2.78 | 3.66 | 5.23 | 12.29 | 14.35 | 14.49 | 15.69 | 15.50 | 18.04 | |||||||
Based on: 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 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).
1 Q2 2024 Calculation
Interest coverage
= (EBITQ2 2024
+ EBITQ1 2024
+ EBITQ4 2023
+ EBITQ3 2023)
÷ (Interest expenseQ2 2024
+ Interest expenseQ1 2024
+ Interest expenseQ4 2023
+ Interest expenseQ3 2023)
= (732 + 496 + 398 + 661)
÷ (141 + 131 + 124 + 113)
= 4.49
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. | Hilton Worldwide Holdings Inc. interest coverage ratio improved from Q4 2023 to Q1 2024 but then deteriorated significantly from Q1 2024 to Q2 2024. |