Trip.com (TCOM) Debt Ratio (2009 - 2026)
Trip.com (TCOM) posted quarterly Debt Ratio of 0.12 for Q1 2026, down 31.45% year-over-year from 0.17 in Q1 2025, and up 1.38% quarter-over-quarter from 0.12 in Q4 2025.
Trip.com (TCOM) Debt Ratio (2009 - 2026) Analysis & Trends
Trip.com's Debt Ratio history runs 18 years deep, the most recent figure standing at 0.12 for Q1 2026.
- In Q1 2026, Debt Ratio fell 31.45% year-over-year to 0.12; the TTM figure through Mar 2026 stood at 0.12 (down 31.45% YoY), while the FY2025 annual figure was 0.12, down 29.46% from the prior year.
- Debt Ratio for Q1 2026 stood at 0.12, up from 0.12 in the prior quarter.
- The five-year high for Debt Ratio was 0.28 in Q2 2022, with the low at 0.12 in Q4 2025.
- The 5-year median for Debt Ratio is 0.21 (2024), against an average of 0.2.
- The sharpest annual moves came in 2024 and 2025: Debt Ratio grew 1.04% in 2024, then slumped 37.09% in 2025.
- Trip.com's Debt Ratio stood at 0.24 in 2022, then dropped by 14.23% to 0.21 in 2023, then decreased by 20.49% to 0.16 in 2024, then decreased by 29.46% to 0.12 in 2025, then climbed by 1.38% to 0.12 in 2026.
- Business Quant data shows TCOM's Debt Ratio at 0.12 in Q1 2026, 0.12 in Q4 2025, and 0.12 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 159.34 Bn | 142.12 Bn | 4.98 Bn | 0.68 |
| 2 | Airbnb | 108.60 Bn | 96.53 Bn | 2.98 Bn | 0.09 |
| 3 | Royal Caribbean Cruises | 81.57 Bn | 80.88 Bn | 2.29 Bn | 0.51 |
| 4 | Viking Holdings | 44.18 Bn | 40.38 Bn | 713.43 Mn | 0.45 |
| 5 | Carnival | 38.51 Bn | 36.29 Bn | - | 0.48 |
| 6 | Expedia | 38.08 Bn | 30.96 Bn | 3.91 Bn | 0.19 |
| 7 | Trip.com | 29.19 Bn | 17.73 Bn | 1.86 Bn | 0.12 |
| 8 | Norwegian Cruise Line Holdings | 8.73 Bn | 8.51 Bn | 1.05 Bn | 0.63 |
| 9 | MakeMyTrip | 5.85 Bn | 5.09 Bn | 212.91 Mn | 0.80 |
| 10 | Global Business Travel | 4.94 Bn | 4.47 Bn | 514.00 Mn | 0.31 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.12 |
| Dec 31, 2025 | 0.12 |
| Sep 30, 2025 | 0.12 |
| Jun 30, 2025 | 0.15 |
| Mar 31, 2025 | 0.17 |
| Dec 31, 2024 | 0.16 |
| Sep 30, 2024 | 0.18 |
| Jun 30, 2024 | 0.24 |
| Mar 31, 2024 | 0.21 |
| Dec 31, 2023 | 0.21 |
| Sep 30, 2023 | 0.22 |
| Jun 30, 2023 | 0.24 |
| Mar 31, 2023 | 0.25 |
| Dec 31, 2022 | 0.24 |
| Sep 30, 2022 | 0.27 |
| Jun 30, 2022 | 0.28 |
| Mar 31, 2022 | 0.27 |
| Dec 31, 2021 | 0.27 |
| Sep 30, 2021 | 0.29 |
| Jun 30, 2021 | 0.31 |