To the full analysis
Travel + Leisure stock: balance sheet and debt
TNLTravel + Leisure has a debt to equity ratio of −4.99 and an interest coverage of 1.9x.
Daily figure as of 13 Nov 2026
Debt / Equity
−4.99
Interest coverage
1.9x
Current ratio
1.64
Cash & equivalents
$253M
Total assets
$6.76B
Equity ratio
−14.5%
Goodwill
$972M
Plus intangible assets of $201M
Net debt
$4.66B
Total assets and equity ratio
How large the balance sheet of Travel + Leisure Co. is, how much of it is equity and how much is goodwill from acquisitions.
Equity ratio
Figures as a table
| Year | Total assets | Goodwill and intangible assets | of which goodwill | Equity ratio | Net debt |
|---|---|---|---|---|---|
| 2006 | $9.52B | $3.74B | $2.7B | 37.4% | $2.63B |
| 2007 | $10.46B | $3.76B | $2.72B | 33.6% | $1.32B |
| 2008 | $9.57B | $2.43B | $1.35B | 24.5% | $1.85B |
| 2009 | $9.35B | $2.44B | $1.39B | 28.7% | $1.86B |
| 2010 | $9.42B | $2.21B | $1.48B | 31.0% | $3.59B |
| 2011 | $9.02B | $2.61B | $1.48B | 24.7% | $3.87B |
| 2012 | $9.46B | $2.76B | $1.57B | 20.4% | $4.37B |
| 2013 | $9.74B | $2.74B | $1.59B | 16.7% | $4.65B |
| 2014 | $9.68B | $2.67B | $1.55B | 13.0% | $4.87B |
| 2015 | $9.72B | $2.69B | $1.56B | 9.8% | $5B |
| 2016 | $9.82B | $2.73B | $1.6B | 7.3% | $5.31B |
| 2017 | $10.4B | $2.42B | $1.34B | 8.5% | $6.26B |
| 2018 | $7.16B | $1.03B | $922M | −7.9% | $5B |
| 2019 | $7.45B | $1.11B | $970M | −7.0% | $5.36B |
| 2020 | $7.61B | $1.1B | $964M | −12.7% | $5.37B |
| 2021 | $6.59B | $1.18B | $961M | −12.1% | $5.05B |
| 2022 | $6.76B | $1.16B | $955M | −13.4% | $5.19B |
| 2023 | $6.74B | $1.16B | $962M | −13.6% | $5.44B |
| 2024 | $6.74B | $1.18B | $966M | −13.1% | $5.49B |
| 2025 | $6.76B | $1.17B | $972M | −14.5% | $4.66B |
The equity ratio divides total equity, including non-controlling interests, by total assets. Net debt is debt minus cash and short-term investments; a negative figure means cash exceeds debt.
Equity and debt
What the company owns and owes
- Cash & equivalents
- Equity
- Debt
Figures as a table
| Year | Cash & equivalents | Equity | Debt | Debt / Equity |
|---|---|---|---|---|
| 2006 | $269M | $3.56B | $2.9B | 0.81 |
| 2007 | $210M | $3.52B | $1.53B | 0.43 |
| 2008 | $136M | $2.34B | $1.98B | 0.85 |
| 2009 | $155M | $2.69B | $2.02B | 0.75 |
| 2010 | $156M | $2.92B | $3.74B | 1.28 |
| 2011 | $142M | $2.23B | $4.02B | 1.8 |
| 2012 | $195M | $1.93B | $4.56B | 2.36 |
| 2013 | $194M | $1.62B | $4.84B | 2.98 |
| 2014 | $183M | $1.26B | $5.05B | 4.02 |
| 2015 | $183M | $950M | $5.18B | 5.44 |
| 2016 | $127M | $714M | $5.44B | 7.58 |
| 2017 | $72M | $878M | $6.33B | 7.17 |
| 2018 | $243M | −$574M | $5.24B | −9.21 |
| 2019 | $400M | −$530M | $5.76B | −10.98 |
| 2020 | $1.21B | −$975M | $6.58B | −6.79 |
| 2021 | $396M | −$801M | $5.45B | −6.86 |
| 2022 | $562M | −$913M | $5.75B | −6.36 |
| 2023 | $296M | −$918M | $5.73B | −6.25 |
| 2024 | $184M | −$881M | $5.67B | −6.44 |
| 2025 | $253M | −$982M | $4.91B | −4.99 |
Debt to equity divides debt by total equity, including non-controlling interests, as S&P calculates it. The equity column shows the part that belongs to shareholders.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 3 Nov 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.