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Park Hotels & Resorts Balance Sheet 2025-2011 | PK
Brief overview of Park Hotels & Resorts 's balance sheet strength
The balance sheet is assessed across five available annual reports spanning 2021 to 2025.
The asset base decreased -21%, from $9.7 billion to $7.7 billion. Resources became smaller over the five periods.
Assets and liabilities changed at similar rates, -21% and -13.4%. The funding mix did not shift sharply.
Equity represents 40.7% of assets versus 45.2% initially. The capital structure appears balanced.
The net-debt-to-equity ratio is 1.16x. Borrowed funding is already a meaningful part of the structure.
The cash share moved from 7.8% to 3%. A higher figure generally provides more room in an adverse scenario.
The balance sheet carries negative retained earnings of -$902 million. The figure may result from accumulated losses or an active capital return policy.
Conclusion
Park Hotels & Resorts has a workable but not unconditionally strong balance sheet. Resilience depends on sustained earnings and liability control.
Annual Balance Sheet Park Hotels & Resorts
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
3.62 B | 3.46 B | 3.04 B | 3.7 B | - | 4.17 B | 3.78 B | 2.54 B | 2.6 B | 2.72 B | 3.98 B | 4.2 B | - | - | - |
Long Term Debt |
3.86 B | 3.86 B | 3.79 B | 4.64 B | - | 5.12 B | 3.87 B | 2.95 B | 2.94 B | 3 B | 4.04 B | 4.23 B | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | 4.46 B | 3.32 B | 3.26 B | 5.54 B | 6.66 B | 6.84 B | - | - | - |
Total Liabilities |
4.62 B | 5.57 B | 5.65 B | 5.44 B | 5.34 B | 5.74 B | 4.84 B | 3.78 B | 3.75 B | 6.01 B | 6.99 B | 7.12 B | - | - | - |
Deferred Revenue |
127 M | 120 M | 107 M | 103 M | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
-902 M | -420 M | -344 M | 16 M | -83 M | 376 M | 1.92 B | 2.05 B | 2.23 B | - | - | - | - | - | - |
Total Assets |
7.7 B | 9.16 B | 9.42 B | 9.73 B | 9.74 B | 10.6 B | 11.3 B | 9.36 B | 9.71 B | 9.83 B | 9.79 B | 9.71 B | - | - | - |
Cash and Cash Equivalents |
232 M | 402 M | 750 M | 939 M | 763 M | 951 M | 346 M | 410 M | 364 M | 350 M | - | - | - | - | - |
Book Value |
3.08 B | 3.59 B | 3.77 B | 4.29 B | 4.4 B | 4.84 B | 6.45 B | 5.59 B | 5.96 B | 3.82 B | 2.8 B | 2.59 B | - | - | - |
Total Shareholders Equity |
3.13 B | 3.64 B | 3.77 B | 4.29 B | 4.4 B | 4.84 B | 6.5 B | 5.63 B | 6.01 B | 3.82 B | 2.8 B | - | - | - | - |
All numbers in USD currency
Quarterly Balance Sheet Park Hotels & Resorts
| 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
3.86 B | 3.86 B | 3.86 B | - | 3.88 B | 3.88 B | 3.78 B | - | 4.51 B | - | 4.59 B | - | 4.7 B | 4.51 B | 4.7 B | 4.71 B | 4.71 B | 5.14 B | 5.16 B | 5.16 B | 5.16 B | 5.14 B | 4.88 B | 3.89 B | 4.12 B | 2.96 B | 2.96 B | 2.96 B | 2.96 B | 2.96 B | 2.96 B | 2.97 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
5.5 B | 5.48 B | 5.46 B | 5.57 B | 5.47 B | 5.43 B | 5.34 B | 5.65 B | 5.36 B | 5.33 B | 5.36 B | 5.44 B | 5.47 B | - | 5.42 B | 5.34 B | 5.33 B | 5.72 B | 5.78 B | 5.74 B | 5.74 B | 5.74 B | 5.74 B | 4.84 B | 4.84 B | 4.84 B | 4.84 B | 3.78 B | 3.78 B | 3.78 B | 3.78 B | 3.75 B | 3.75 B | 3.75 B | 3.75 B | 6.01 B | 6.01 B | 6.01 B | 6.01 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
-647 M | -580 M | -525 M | -420 M | -353 M | -355 M | -367 M | -344 M | -169 M | -165 M | 19 M | 16 M | 38 M | - | -142 M | -83 M | -16 M | 70 M | 185 M | 376 M | 376 M | 376 M | 376 M | 1.92 B | 1.92 B | 1.92 B | 1.92 B | 2.05 B | 2.05 B | 2.05 B | 2.05 B | 2.23 B | 2.23 B | 2.23 B | 2.23 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
8.83 B | 8.87 B | 8.9 B | 9.16 B | 9.17 B | 9.17 B | 9.08 B | 9.42 B | 9.3 B | 9.34 B | 9.55 B | 9.73 B | 9.79 B | - | 9.7 B | 9.74 B | 9.79 B | 10.3 B | 10.4 B | 10.6 B | 10.6 B | 10.6 B | 10.6 B | 11.3 B | 11.3 B | 11.3 B | 11.3 B | 9.36 B | 9.36 B | 9.36 B | 9.36 B | 9.71 B | 9.71 B | 9.71 B | 9.71 B | 9.83 B | 9.83 B | 9.83 B | 9.83 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
278 M | 319 M | 233 M | 402 M | 518 M | 484 M | 410 M | 717 M | 786 M | 842 M | 875 M | 906 M | 1 B | - | 639 M | 688 M | 772 M | 909 M | 868 M | 951 M | 951 M | 951 M | 951 M | 346 M | 346 M | 346 M | 346 M | 410 M | 410 M | 410 M | 410 M | 364 M | 364 M | 364 M | 364 M | 337 M | 337 M | 337 M | 337 M | 72 M | - | - | - | 74 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
3.33 B | 3.39 B | 3.44 B | 3.59 B | 3.71 B | 3.74 B | 3.74 B | 3.77 B | 3.94 B | 4.01 B | 4.19 B | 4.29 B | 4.32 B | - | 4.28 B | 4.4 B | 4.47 B | 4.54 B | 4.65 B | 4.84 B | 4.84 B | 4.84 B | 4.84 B | 6.45 B | 6.45 B | 6.45 B | 6.45 B | 5.59 B | 5.59 B | 5.59 B | 5.59 B | 5.96 B | 5.96 B | 5.96 B | 5.96 B | 3.82 B | 3.82 B | 3.82 B | 3.82 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
3.38 B | 3.44 B | 3.49 B | 3.64 B | 3.71 B | 3.74 B | 3.74 B | 3.81 B | 3.94 B | 4.01 B | 4.19 B | 4.34 B | 4.32 B | 4.28 B | 4.28 B | 4.45 B | 4.47 B | 4.54 B | 4.65 B | 4.89 B | 4.89 B | 4.89 B | 4.89 B | 6.5 B | 6.5 B | 6.5 B | 6.5 B | 5.63 B | 5.63 B | 5.63 B | 5.63 B | 6.01 B | 6.01 B | 6.01 B | 6.01 B | 3.87 B | 3.87 B | 3.82 B | 3.82 B | 2.8 B | - | - | - | 2.59 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Park Hotels & Resorts , providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
Balance sheet of other industry stocks – Reit hotels
| Issuer | Price | % 24h | Market Cap | Country | |
|---|---|---|---|---|---|
 |
CorePoint Lodging Inc.
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|
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DiamondRock Hospitality Company
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|
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Xenia Hotels & Resorts
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|
$ 21.82 | - | $ 2.11 B | USA |
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Braemar Hotels & Resorts
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|
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Sotherly Hotels
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|
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Apple Hospitality REIT
APLE
|
$ 16.81 | -0.06 % | $ 4 B | USA |
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Host Hotels & Resorts
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|
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Ryman Hospitality Properties
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|
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Sunstone Hotel Investors
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|
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Summit Hotel Properties
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|
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