Travel + Leisure Balance Sheet Health
Financial Health criteria checks 1/6
Travel + Leisure has a total shareholder equity of $-904.0M and total debt of $5.8B, which brings its debt-to-equity ratio to -636.4%. Its total assets and total liabilities are $6.8B and $7.7B respectively. Travel + Leisure's EBIT is $692.0M making its interest coverage ratio 3.5. It has cash and short-term investments of $584.0M.
Key information
-636.4%
Debt to equity ratio
US$5.75b
Debt
Interest coverage ratio | 3.5x |
Cash | US$584.00m |
Equity | -US$904.00m |
Total liabilities | US$7.66b |
Total assets | US$6.76b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TNL * has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: TNL * has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: TNL * has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: TNL *'s has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: TNL *'s debt is not well covered by operating cash flow (7.7%).
Interest Coverage: TNL *'s interest payments on its debt are well covered by EBIT (3.5x coverage).