Trip.com (TCOM) Debt Ratio (2009 - 2026)

Trip.com's (TCOM) quarterly Debt Ratio came in at 0.12 in Q1 2026, down 31.45% year-on-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.

  • On a quarterly basis, Debt Ratio fell 31.45% year-over-year to 0.12 in Q1 2026; TTM through Mar 2026 was 0.12, a 31.45% decrease from a year earlier, with the FY2025 full-year figure at 0.12, down 29.46% from the prior year.
  • Debt Ratio rose to 0.12 in Q1 2026 per TCOM's latest filing, from 0.12 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.28 in Q2 2022 and bottomed at 0.12 in Q4 2025.
  • The 5-year median for Debt Ratio is 0.21 (2024), against an average of 0.2.
  • Across the five-year window, Debt Ratio gained 1.04% in 2024 and tumbled 37.09% in 2025, its largest moves.
  • Year by year, Debt Ratio stood at 0.24 in 2022, then declined by 14.23% to 0.21 in 2023, then slipped by 20.49% to 0.16 in 2024, then slipped by 29.46% to 0.12 in 2025, then grew by 1.38% to 0.12 in 2026.
  • Per Business Quant, the three latest TCOM Debt Ratio figures stand at 0.12 (Q1 2026), 0.12 (Q4 2025), and 0.12 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Booking Holdings 136.54 Bn 120.51 Bn 3.46 Bn 0.66
2 Royal Caribbean Cruises 86.11 Bn 85.59 Bn 2.21 Bn 0.50
3 Airbnb 82.27 Bn 70.26 Bn 2.10 Bn 0.09
4 Yatra Online 55.46 Bn 55.47 Bn 10.44 Mn 0.06
5 Viking Holdings 44.18 Bn 40.37 Bn 713.43 Mn 0.45
6 Carnival 34.61 Bn 32.38 Bn - 0.48
7 Expedia 31.38 Bn 28.88 Bn 3.05 Bn 0.17
8 Norwegian Cruise Line Holdings 8.54 Bn 8.35 Bn 953.34 Mn 0.64
9 MakeMyTrip 5.02 Bn 4.60 Bn 199.14 Mn -
10 Trip.com 498.70 Mn -10.97 Bn 1.86 Bn 0.12

Historic Data

Download Data
DateValue
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