Travel & Leisure (TNL) Interest Coverage Ratio (2010 - 2026)
Travel & Leisure's Interest Coverage Ratio was 2.19 in Q3 2026, down 4.8% from 2.30 a year earlier and down 4.0% from the prior quarter.
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Analysis
Travel & Leisure (TNL) Interest Coverage Ratio (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Travel & Leisure's Interest Coverage Ratio was 1.50 through Sep 30, 2026, down 29.1% year-over-year; for FY2025, it came in at 1.51, down 20.9% from FY2024.
- Interest Coverage Ratio has now declined for three consecutive years.
- In earlier years, Interest Coverage Ratio was 1.90 in FY2024 (-4.0%), 1.98 in FY2023 (-16.8%), 2.38 in FY2022 (+7.6%) and 2.22 in FY2021.
- Quarterly Interest Coverage Ratio has moved between -0.25 (Q4 2025) and 2.89 (Q2 2022) over five years.
- Compared with a year earlier, Interest Coverage Ratio was higher in six of the last seven quarters, with growth averaging 8.3%.
- The best year-over-year quarter for Interest Coverage Ratio over five years was Q4 2021 (growth of 162.7%); the worst was Q2 2023 (a decline of 28.1%).
- Per Business Quant data, TNL's Interest Coverage Ratio in the three quarters before Q3 2026 was 2.28 (Q2 2026), 1.79 (Q1 2026) and -0.25 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 108.82 Bn | 107.09 Bn | 1.54 Bn | 5.61 |
| 2 | Royal Caribbean Cruises | 86.08 Bn | 83.01 Bn | 2.88 Bn | 6.43 |
| 3 | Hilton Worldwide Holdings | 82.66 Bn | 79.40 Bn | 3.05 Bn | 4.94 |
| 4 | Carnival | 40.26 Bn | 33.45 Bn | - | 7.79 |
| 5 | Viking Holdings | 38.32 Bn | 23.44 Bn | 996.62 Mn | 7.84 |
| 6 | Trip.com | 28.77 Bn | -16.27 Bn | 1.84 Bn | -12.71 |
| 7 | Intercontinental Hotels | 27.14 Bn | 23.11 Bn | - | - |
| 8 | Hyatt Hotels | 17.30 Bn | 14.72 Bn | 384.00 Mn | -17.80 |
| 9 | H World | 15.38 Bn | 6.78 Bn | 456.00 Mn | 36.22 |
| 10 | Travel & Leisure | 4.60 Bn | 4.60 Bn | 1.08 Bn | 2.19 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.19 |
| Jun 30, 2026 | 2.28 |
| Mar 31, 2026 | 1.79 |
| Dec 31, 2025 | -0.25 |
| Sep 30, 2025 | 2.30 |
| Jun 30, 2025 | 2.26 |
| Mar 31, 2025 | 1.71 |
| Dec 31, 2024 | 2.17 |
| Sep 30, 2024 | 1.93 |
| Jun 30, 2024 | 1.97 |
| Mar 31, 2024 | 1.55 |
| Dec 31, 2023 | 1.93 |
| Sep 30, 2023 | 2.23 |
| Jun 30, 2023 | 2.08 |
| Mar 31, 2023 | 1.66 |
| Dec 31, 2022 | 2.13 |
| Sep 30, 2022 | 2.78 |
| Jun 30, 2022 | 2.89 |
| Mar 31, 2022 | 1.83 |
| Dec 31, 2021 | 2.83 |
API Access
Travel & Leisure Interest Coverage 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=interest-coverage-ratio&ticker=TNL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "TNL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=TNL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();