Trip.com (TCOM) Debt Ratio (2012 - 2026)
Trip.com's Debt Ratio was 0.10 in Q2 2026, down 34.5% from 0.16 a year earlier and down 13.3% from the prior quarter.
Powered by 
Analysis
Trip.com (TCOM) Debt Ratio (2012 - 2026) Analysis & Trends
For FY2025, Debt Ratio at Trip.com came in at 0.12, down 29.5% from FY2024.
- Debt Ratio has now declined for five consecutive years.
- In earlier years, Debt Ratio was 0.16 in FY2024 (-20.5%), 0.21 in FY2023 (-14.2%), 0.24 in FY2022 (-8.8%) and 0.26 in FY2021 (-12.8%).
- The Q2 2026 figure marks the lowest quarterly Debt Ratio since Q2 2012.
- Compared with a year earlier, Debt Ratio has declined for eight straight quarters, with an average decline of 28.0% over the last eight quarters.
- The best year-over-year quarter for Debt Ratio over five years was Q2 2024 (growth of 0.7%); the worst was Q3 2025 (a decline of 38.1%).
- Per Business Quant data, TCOM's Debt Ratio in the three quarters before Q2 2026 was 0.12 (Q1 2026), 0.12 (Q4 2025) and 0.12 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.50 Bn | 91.55 Bn | 1.55 Bn | 0.60 |
| 2 | Hilton Worldwide Holdings | 72.30 Bn | 68.78 Bn | 3.08 Bn | 0.79 |
| 3 | Royal Caribbean Cruises | 64.91 Bn | 62.49 Bn | 2.29 Bn | 0.51 |
| 4 | Viking Holdings | 35.75 Bn | 20.87 Bn | 996.62 Mn | 0.43 |
| 5 | Carnival | 30.35 Bn | 23.01 Bn | - | 0.48 |
| 6 | Intercontinental Hotels | 26.52 Bn | 22.08 Bn | - | -0.40 |
| 7 | Trip.com | 25.92 Bn | -19.63 Bn | 1.84 Bn | 0.10 |
| 8 | Hyatt Hotels | 15.20 Bn | 12.68 Bn | 388.00 Mn | 0.31 |
| 9 | H World | 13.30 Bn | 4.22 Bn | - | 0.07 |
| 10 | Atour Lifestyle Holdings | 8.20 Bn | 4.90 Bn | 493.22 Mn | 0.03 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.10 |
| Mar 31, 2026 | 0.12 |
| Dec 31, 2025 | 0.12 |
| Sep 30, 2025 | 0.12 |
| Jun 30, 2025 | 0.16 |
| Mar 31, 2025 | 0.17 |
| Dec 31, 2024 | 0.16 |
| Sep 30, 2024 | 0.19 |
| 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 |
API Access
Trip.com Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=TCOM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "TCOM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=TCOM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();