H World Group annual debt-to-equity ratio
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
H World Group Debt-to-Equity Ratio Growth & History (HTHT)
H World Group's debt-to-equity ratio was 2.82 for fiscal 2025.
View full H World Group company overviewH World Group annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 2.82 | −0.10 | −3.27% |
| 2024 | 2024-12-31 | 2.91 | −0.05 | −1.56% |
| 2023 | 2023-12-31 | 2.96 | −2.07 | −41.16% |
| 2022 | 2022-12-31 | 5.03 | 0.99 | +24.40% |
| 2021 · Dec 31 | 2021-12-31 | 4.04 | 0.07 | +1.74% |
| 2020 | 2020-12-31 | 3.97 | −1.19 | −23.13% |
| 2019 | 2019-12-31 | 5.17 | 3.58 | +226.69% |
| 2018 | 2018-12-31 | 1.58 | 0.80 | +101.51% |
| 2017 | 2017-12-31 | 0.78 | 0.73 | +1320.48% |
| 2016 | 2016-12-31 | 0.06 | −0.04 | −41.64% |
| 2015 | 2015-12-31 | 0.09 | — | — |
H World Group quarterly debt-to-equity ratio
Q4.15
Q4.16
Q2.17
Q4.17
Q4.18
Q4.19
Q4.20
Q4.21
Q2.22
Q4.22
Q2.23
Q4.23
Q2.24
Q4.24
Q2.25
Q4.25
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | 2.82 | −0.10 | −3.27% |
| Q2 2025 | 2025-06-30 | 3.11 | 0.25 | +8.59% |
| Q4 2024 | 2024-12-31 | 2.91 | −0.05 | −1.56% |
| Q2 2024 | 2024-06-30 | 2.86 | −0.21 | −6.85% |
| Q4 2023 | 2023-12-31 | 2.96 | −2.07 | −41.16% |
| Q2 2023 | 2023-06-30 | 3.07 | — | — |
| Q4 2022 | 2022-12-31 | 5.03 | 0.99 | +24.40% |
| Q2 2022 | 2022-09-30 | 5.19 | — | — |
| Q4 2021 | 2021-12-31 | 4.04 | 0.07 | +1.74% |
| Q4 2020 | 2020-12-31 | 3.97 | −1.19 | −23.13% |
| Q4 2019 | 2019-12-31 | 5.17 | 3.58 | +226.69% |
| Q4 2018 | 2018-12-31 | 1.58 | 0.80 | +101.51% |
| Q4 2017 | 2017-12-31 | 0.78 | 0.73 | +1320.48% |
| Q2 2017 | 2017-06-30 | 0.63 | — | — |
| Q4 2016 | 2016-12-31 | 0.06 | −0.04 | −41.64% |
| Q4 2015 | 2015-12-31 | 0.09 | — | — |
H World Group debt-to-equity ratio trends
Over the last five fiscal years, H World Group's debt-to-equity ratio decreased from 3.97 to 2.82, a change of −1.16. The latest reported quarter, Q4 2025, shows 2.82.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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