Travel + Leisure Co. (TNL) quarterly balance sheet — complete assets, liabilities & equity history
Travel + Leisure Co. (TNL) balance sheet — 21-year assets, liabilities & shareholders' equity history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Total Current Assets | 4.77B | 4.66B | 1.59B | 1.55B | 1.68B | 4.63B | 4.59B | 4.78B | 4.55B | 4.53B | 4.83B | 4.76B | 4.43B | 4.36B | 4.28B | 4.77B | 4.18B | 4.23B | 4.31B | 4.53B |
| Cash & Short-Term Investments | 306M | 282M | 254M | 253M | 240M | 212M | 188M | 184M | 194M | 166M | 479M | 296M | 238M | 214M | 196M | 573M | 169M | 241M | 381M | 396M |
| Cash Only | 306M | 282M | 254M | 253M | 240M | 212M | 188M | 167M | 194M | 166M | 479M | 282M | 238M | 214M | 196M | 550M | 169M | 241M | 381M | 369M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17M | 0 | 0 | 0 | 14M | 0 | 0 | 0 | 23M | 0 | 0 | 0 | 27M |
| Accounts Receivable | 2.87B | 2.74B | 152M | 165M | 2.77B | 2.74B | 2.75B | 2.95B | 2.76B | 2.74B | 2.72B | 2.89B | 2.64B | 2.59B | 2.54B | 2.64B | 2.52B | 2.45B | 2.41B | 2.54B |
| Days Sales Outstanding | 234.43 | 123.83 | 14.84 | 131.36 | 242.69 | 245.56 | 274.87 | 270.88 | 254.88 | 252.21 | 278.91 | 272.12 | 244 | 245.58 | 264.98 | 264.28 | 244.04 | 239.49 | 275.06 | 261.99 |
| Inventory | 1.15B | 1.18B | 1.18B | 1.13B | 1.27B | 1.25B | 1.22B | 1.23B | 1.21B | 1.21B | 1.19B | 1.14B | 1.15B | 1.15B | 1.16B | 1.19B | 1.15B | 1.19B | 1.13B | 1.22B |
| Days Inventory Outstanding | 217.56 | 235.17 | 235.82 | 125.58 | 247.79 | 219.77 | 219.44 | 235.81 | 223.88 | 219.52 | 209.21 | 225.46 | 211.32 | 215.45 | 222.73 | 235.44 | 225.94 | 226.62 | 240.92 | 271.63 |
| Other Current Assets | 193M | 189M | 0 | 0 | -2.82B | 175M | 179M | 181M | 155M | 166M | 168M | 176M | 154M | 164M | 138M | 138M | 136M | 137M | 166M | 128M |
| Total Non-Current Assets | 2.54B | 2.24B | 2.43B | 2.41B | 2.54B | 2.18B | 2.17B | 1.96B | 2.14B | 2.17B | 2.2B | 1.98B | 2.22B | 2.24B | 2.2B | 1.99B | 2.2B | 2.25B | 2.29B | 2.06B |
| Property, Plant & Equipment | 607M | 524M | 523M | 531M | 597M | 592M | 587M | 638M | 594M | 596M | 614M | 701M | 655M | 665M | 670M | 720M | 736M | 730M | 743M | 768M |
| Fixed Asset Turnover | 1.95x | 2.03x | 1.82x | 1.82x | 1.76x | 1.73x | 1.52x | 1.58x | 1.67x | 1.63x | 1.39x | 1.38x | 1.49x | 1.42x | 1.26x | 1.23x | 1.28x | 1.25x | 1.07x | 1.20x |
| Goodwill | 1.04B | 972M | 971M | 972M | 971M | 972M | 968M | 966M | 971M | 968M | 993M | 962M | 959M | 961M | 961M | 955M | 950M | 955M | 961M | 961M |
| Intangible Assets | 299M | 197M | 200M | 201M | 204M | 208M | 209M | 209M | 215M | 216M | 197M | 199M | 201M | 204M | 207M | 207M | 211M | 213M | 216M | 219M |
| Long-Term Investments | 0 | 0 | 1M | 31M | 0 | 0 | 0 | 18M | 0 | 0 | 0 | 19M | 0 | 0 | 0 | 18M | 0 | 0 | 0 | 21M |
| Other Non-Current Assets | 584M | 548M | -1M | -31M | 763M | 411M | 408M | 104M | 364M | 385M | 394M | 77M | 408M | 413M | 358M | 66M | 301M | 352M | 369M | 69M |
| Total Assets | 7.3B | 6.9B | 6.84B | 6.76B | 6.89B | 6.81B | 6.76B | 6.74B | 6.7B | 6.69B | 7.02B | 6.74B | 6.66B | 6.6B | 6.48B | 6.76B | 6.38B | 6.48B | 6.6B | 6.59B |
| Asset Turnover | 0.16x | 0.15x | 0.14x | 0.15x | 0.15x | 0.15x | 0.14x | 0.14x | 0.15x | 0.14x | 0.13x | 0.14x | 0.15x | 0.15x | 0.13x | 0.14x | 0.15x | 0.14x | 0.12x | 0.13x |
| Asset Growth % | 5.93% | 1.28% | 1.12% | 0.37% | 2.9% | 1.73% | -3.69% | -0.04% | 0.65% | 1.38% | 8.43% | -0.28% | 4.31% | 1.93% | -1.86% | 2.57% | -3.35% | -2.44% | -1.9% | -13.46% |
| Total Current Liabilities | 1.5B | 1.48B | 1.38B | 945M | 1.37B | 1.33B | 1.26B | 1.17B | 1.28B | 1.29B | 1.31B | 1.17B | 1.32B | 1.32B | 1.29B | 1.14B | 1.31B | 1.4B | 1.39B | 1.16B |
| Accounts Payable | 78M | 59M | 63M | 62M | 66M | 69M | 67M | 67M | 55M | 50M | 65M | 73M | 71M | 70M | 61M | 65M | 66M | 70M | 67M | 62M |
| Days Payables Outstanding | 12.81 | 12.15 | 12.76 | 6.71 | 13.27 | 12.09 | 12.01 | 11.81 | 9.74 | 10.55 | 12.43 | 14.21 | 12.97 | 12.24 | 11.94 | 13.19 | 13.14 | 13.38 | 13.25 | 13.33 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 453M | 462M | 478M | 0 | 489M | 483M | 486M | 457M | 450M | 453M | 452M | 442M | 435M | 423M | 417M | 411M | 393M | 391M | 391M | 392M |
| Other Current Liabilities | 0 | 0 | 0 | 412M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13M | 0 | 0 | 0 | 0 |
| Current Ratio | 3.19x | 3.15x | 1.15x | 1.64x | 1.23x | 3.48x | 3.63x | 4.09x | 3.55x | 3.51x | 3.67x | 4.07x | 3.35x | 3.30x | 3.33x | 4.18x | 3.19x | 3.01x | 3.11x | 3.90x |
| Quick Ratio | 2.42x | 2.35x | 0.29x | 0.44x | 0.30x | 2.54x | 2.66x | 3.04x | 2.61x | 2.57x | 2.77x | 3.10x | 2.48x | 2.43x | 2.43x | 3.13x | 2.32x | 2.16x | 2.30x | 2.86x |
| Cash Conversion Cycle | 439.18 | 346.85 | 237.91 | 250.24 | 477.21 | 453.24 | 482.3 | 494.88 | 469.02 | 461.18 | 475.69 | 483.36 | 442.35 | 448.78 | 475.77 | 486.53 | 456.84 | 452.74 | 502.73 | 520.29 |
| Total Non-Current Liabilities | 6.81B | 6.44B | 6.49B | 6.8B | 6.34B | 6.33B | 6.4B | 6.45B | 6.28B | 6.29B | 6.63B | 6.49B | 6.33B | 6.29B | 6.17B | 6.52B | 5.97B | 5.92B | 6.03B | 6.22B |
| Long-Term Debt | 6.04B | 5.69B | 5.74B | 4.78B | 5.56B | 5.57B | 5.64B | 5.57B | 5.56B | 5.56B | 5.9B | 5.63B | 5.6B | 5.55B | 5.44B | 5.63B | 5.26B | 5.21B | 5.32B | 5.3B |
| Capital Lease Obligations | 26M | 23M | 18M | 128M | 19M | 17M | 19M | 100M | 21M | 19M | 21M | 107M | 20M | 18M | 11M | 122M | 9M | 9M | 9M | 145M |
| Deferred Tax Liabilities | 746M | 728M | 732M | 716M | 763M | 745M | 744M | 722M | 698M | 709M | 709M | 687M | 706M | 715M | 712M | 679M | 699M | 700M | 698M | 686M |
| Other Non-Current Liabilities | 0 | 0 | 0 | 705M | 0 | 0 | 0 | 54M | 0 | 0 | 0 | 67M | 0 | 0 | 0 | 87M | 0 | 0 | 0 | 88M |
| Total Liabilities | 8.31B | 7.92B | 7.86B | 7.74B | 7.71B | 7.66B | 7.67B | 7.62B | 7.56B | 7.58B | 7.95B | 7.66B | 7.65B | 7.61B | 7.45B | 7.66B | 7.28B | 7.32B | 7.41B | 7.38B |
| Total Debt | 6.07B | 5.71B | 5.75B | 4.91B | 5.58B | 5.59B | 5.66B | 5.67B | 5.58B | 5.58B | 5.92B | 5.73B | 5.62B | 5.57B | 5.45B | 5.75B | 5.27B | 5.22B | 5.33B | 5.45B |
| Net Debt | 5.76B | 5.43B | 5.5B | 4.66B | 5.34B | 5.38B | 5.47B | 5.5B | 5.38B | 5.41B | 5.45B | 5.45B | 5.38B | 5.36B | 5.26B | 5.2B | 5.1B | 4.98B | 4.95B | 5.08B |
| Debt / Equity | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | 26.37x | 23.60x | 30.13x | 69.13x | 22.77x | 23.57x | 30.42x | 24.13x | 25.47x | 25.70x | 33.28x | 26.06x | 23.92x | 26.53x | 32.86x | 30.28x | 24.08x | 24.17x | 36.24x | 24.11x |
| Net Debt / EBITDA | 25.04x | 22.43x | 28.80x | 65.56x | 21.79x | 22.68x | 29.41x | 23.42x | 24.58x | 24.94x | 30.59x | 24.78x | 22.91x | 25.51x | 31.67x | 27.38x | 23.31x | 23.06x | 33.65x | 22.48x |
| Interest Coverage | 3.61x | 3.53x | 2.93x | -0.08x | 3.63x | 3.67x | 2.77x | 3.62x | 3.06x | 3.11x | 2.44x | 2.87x | 3.31x | 3.05x | 2.47x | 3.29x | 4.38x | 3.81x | 2.57x | 4.02x |
| Total Equity | -1.01B | -1.02B | -1.02B | -983M | -821M | -853M | -903M | -880M | -861M | -884M | -925M | -917M | -997M | -1B | -975M | -904M | -903M | -846M | -811M | -794M |
| Equity Growth % | -22.66% | -19.58% | -13.4% | -11.7% | 4.65% | 3.51% | 2.38% | 4.03% | 13.64% | 11.95% | 5.13% | -1.44% | -10.41% | -18.68% | -20.22% | -13.85% | -6.36% | 7.84% | 16.91% | 17.98% |
| Book Value per Share | -16.09 | -16.09 | -15.81 | -15.34 | -12.35 | -12.83 | -13.24 | -12.72 | -12.26 | -12.45 | -12.85 | -12.61 | -13.55 | -13.30 | -12.45 | -11.23 | -10.80 | -9.87 | -9.32 | -9.08 |
| Total Shareholders' Equity | -1.01B | -1.02B | -1.02B | -982M | -821M | -852M | -903M | -881M | -862M | -885M | -926M | -918M | -1.01B | -1.01B | -984M | -913M | -911M | -854M | -819M | -801M |
| Common Stock | 3M | 3M | 3M | 3M | 3M | 3M | 3M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M | 2M |
| Retained Earnings | 2.59B | 2.52B | 2.45B | 2.41B | 2.51B | 2.44B | 2.37B | 2.33B | 2.25B | 2.19B | 2.1B | 2.07B | 1.97B | 1.9B | 1.84B | 1.81B | 1.75B | 1.67B | 1.6B | 1.59B |
| Treasury Stock | -7.99B | -7.91B | -7.82B | -7.74B | -7.64B | -7.57B | -7.5B | -7.43B | -7.36B | -7.29B | -7.22B | -7.2B | -7.16B | -7.09B | -6.99B | -6.89B | -6.78B | -6.66B | -6.58B | -6.53B |
| Accumulated OCI | -61M | -64M | -63M | -67M | -69M | -66M | -100M | -112M | -61M | -82M | -85M | -70M | -94M | -79M | -81M | -79M | -112M | -78M | -45M | -48M |
| Minority Interest | 0 | -1M | -1M | -1M | 0 | -1M | 0 | 1M | 1M | 1M | 1M | 1M | 11M | 10M | 9M | 9M | 8M | 8M | 8M | 7M |