Wyndham Hotels & Resorts, Inc. (WH) Balance Sheet

NYSE: WHAssets, liabilities, debt and equity over 10 years.

WH balance sheet, 2025

December 31, 2025 · U.S. dollars

$4.18B assets = $3.71B liabilities + $468.0M equity

Both columns are drawn to the same scale: what WH owns equals what it owes plus shareholders’ equity. Hover a block for its value.

WH financial health

Current ratio0.71

Tight · current assets cover current liabilities 0.71×

Debt / equity6.53

High leverage · $6.53 of debt for each $1 of equity

Equity / assets11.2%

Thin equity · of assets funded by shareholders

Cash / debt2.1%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles43.2%

Acquisition-heavy · of total assets

Descriptive bands, not a rating. Fiscal 2025.

WH balance sheet trends, 2016–2025

Wyndham Hotels & Resorts, Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$1.98B2016	$4.18B2025	+8.6%/yr
Total liabilities	$872.0M2016	$3.71B2025	+17.5%/yr
Shareholders’ equity	$1.11B2016	$468.0M2025	−9.2%/yr
Cash & short-term investments	$28.0M2016	$64.0M2025	+9.6%/yr
Total debt	$174.0M2016	$3.06B2025	+37.5%/yr
Net cash (debt)	−$146.0M2016	−$2.99B2025	−$2.8B
Working capital	−$117.0M2016	−$142.0M2025	−$25.0M
Book value per share	$11.122016	$6.182025	−6.3%/yr
Current ratio	0.692016	0.712025	+0.03
Debt / equity	0.162016	6.532025	+6.38
Shares outstanding	99.9M2016	75.7M2025	−3.0%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

WH assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

WH liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

WH debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

WH balance sheet

Wyndham Hotels & Resorts, Inc. annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	$64.0M	$103.0M	$66.0M	$161.0M	$171.0M	$493.0M	$94.0M	$366.0M	$57.0M	$28.0M
Cash & equivalents	$64.0M	$103.0M	$66.0M	$161.0M	$171.0M	$493.0M	$94.0M	$366.0M	$57.0M	$28.0M
Short-term investments	—	—	−$360.0M	—	—	—	—	—	—	—
Receivables	$291.0M	$271.0M	$241.0M	$234.0M	$246.0M	$295.0M	$304.0M	$293.0M	$194.0M	$184.0M
Inventory	$0	$0	$0	$0	$56.0M	−$67.0M	$48.0M	$40.0M	$29.0M	$24.0M
Other current assets	$0	$93.0M	$66.0M	$150.0M	$98.0M	$67.0M	$53.0M	$152.0M	$50.0M	$19.0M
Total current assets	$355.0M	$467.0M	$373.0M	$545.0M	$571.0M	$788.0M	$499.0M	$851.0M	$330.0M	$255.0M
Property, plant & equipment (net)	$104.0M	$94.0M	$88.0M	$99.0M	$106.0M	$278.0M	$307.0M	$326.0M	$250.0M	$277.0M
Goodwill & intangible assets	$1.81B	$1.84B	$3.10B	$3.13B	$3.20B	$3.24B	$3.48B	$3.53B	$1.37B	$1.26B
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$1.92B	$1.82B	$468.0M	$347.0M	$392.0M	$338.0M	$242.0M	$265.0M	$176.0M	$192.0M
Total assets	$4.18B	$4.22B	$4.03B	$4.12B	$4.27B	$4.64B	$4.53B	$4.98B	$2.12B	$1.98B
Liabilities
Accounts payable	$38.0M	$37.0M	$32.0M	$39.0M	$31.0M	$28.0M	$30.0M	$61.0M	$38.0M	$27.0M
Short-term debt	$497.0M	$46.0M	$41.0M	$24.0M	$25.0M	$25.0M	$26.0M	$21.0M	$103.0M	$103.0M
Deferred revenue	$134.0M	$121.0M	$91.0M	$83.0M	$70.0M	$71.0M	$132.0M	$109.0M	$79.0M	$68.0M
Total current liabilities	$497.0M	$466.0M	$459.0M	$406.0M	$376.0M	$325.0M	$462.0M	$693.0M	$406.0M	$372.0M
Long-term debt	$2.52B	$2.42B	$2.16B	$2.06B	$2.06B	$2.58B	$2.10B	$2.12B	$81.0M	$71.0M
Lease obligations	$3.0M	$3.0M	$4.0M	$45.0M	$50.0M	$4.0M	$5.0M	—	—	—
Other long-term liabilities	$702.0M	$687.0M	$664.0M	$698.0M	$741.0M	$780.0M	$758.0M	$745.0M	$335.0M	$429.0M
Total liabilities	$3.71B	$3.57B	$3.29B	$3.16B	$3.18B	$3.68B	$3.32B	$3.56B	$822.0M	$872.0M
Shareholders' equity
Common stock & paid-in capital	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.29B	$1.11B
Retained earnings (deficit)	$471.0M	$654.0M	$488.0M	$318.0M	$79.0M	−$82.0M	$113.0M	$69.0M	$1.26B	$1.11B
Treasury stock	—	—	—	−$964.0M	−$519.0M	−$408.0M	−$363.0M	−$119.0M	—	—
Accumulated other comprehensive income	$3.0M	$17.0M	$19.0M	$38.0M	−$15.0M	−$52.0M	−$27.0M	−$8.0M	$5.0M	$1.11B
Total shareholders' equity	$468.0M	$650.0M	$746.0M	$962.0M	$1.09B	$963.0M	$1.21B	$1.42B	$1.30B	$1.11B
Key figures
Total debt	$3.06B	$2.47B	$2.21B	$2.08B	$2.09B	$2.60B	$2.13B	$2.14B	$184.0M	$174.0M
Net cash (debt)	−$2.99B	−$2.36B	−$2.14B	−$1.92B	−$1.92B	−$2.11B	−$2.03B	−$1.77B	−$127.0M	−$146.0M
Working capital	−$142.0M	$1.0M	−$86.0M	$139.0M	$195.0M	$463.0M	$37.0M	$158.0M	−$76.0M	−$117.0M
Tangible book value	−$1.34B	−$1.19B	−$2.36B	−$2.17B	−$2.11B	−$2.28B	−$2.27B	−$2.12B	−$66.0M	−$148.0M
Book value per share	$6.18	$8.11	$8.79	$10.59	$11.60	$10.31	$12.55	$14.21	$13.03	$11.12
Shares outstanding	75.7M	80.1M	84.9M	90.8M	93.9M	93.4M	96.6M	99.8M	99.8M	99.9M
Current ratio	0.71	1.00	0.81	1.34	1.52	2.42	1.08	1.23	0.81	0.69
Quick ratio	0.71	0.80	0.67	0.97	1.11	2.42	0.86	0.95	0.62	0.57
Debt / equity	6.53	3.79	2.96	2.16	1.92	2.70	1.75	1.51	0.14	0.16
Equity / assets	11.2%	15.4%	18.5%	23.3%	25.5%	20.7%	26.7%	28.5%	61.3%	56.0%

Wyndham Hotels & Resorts, Inc. quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	$69.0M	$79.0M	$64.0M	$70.0M	$50.0M	$48.0M	$103.0M	$72.0M	$70.0M	$50.0M	$66.0M	$79.0M
Cash & equivalents	$69.0M	$79.0M	$64.0M	$70.0M	$50.0M	$48.0M	$103.0M	$72.0M	$70.0M	$50.0M	$66.0M	$79.0M
Receivables	$331.0M	$300.0M	$291.0M	$326.0M	$319.0M	$278.0M	$271.0M	$286.0M	$275.0M	$248.0M	$241.0M	$272.0M
Inventory	$0	$0	$0	$0	$0	$0	$0	−$87.0M	$0	−$69.0M	$0	−$115.0M
Other current assets	$97.0M	$0	$0	$112.0M	$105.0M	$111.0M	$93.0M	$174.0M	$87.0M	$138.0M	$66.0M	$115.0M
Total current assets	$497.0M	$379.0M	$355.0M	$508.0M	$474.0M	$437.0M	$467.0M	$445.0M	$432.0M	$367.0M	$373.0M	$351.0M
Property, plant & equipment (net)	$148.0M	$138.0M	$104.0M	$99.0M	$98.0M	$95.0M	$94.0M	$78.0M	$81.0M	$83.0M	$88.0M	$91.0M
Goodwill & intangible assets	$3.00B	$1.80B	$1.81B	$3.06B	$3.07B	$3.07B	$3.07B	$3.08B	$3.09B	$3.10B	$3.10B	$1.88B
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$685.0M	$1.93B	$1.92B	$680.0M	$659.0M	$648.0M	$589.0M	$547.0M	$549.0M	$518.0M	$468.0M	$1.78B
Total assets	$4.33B	$4.25B	$4.18B	$4.35B	$4.30B	$4.25B	$4.22B	$4.15B	$4.15B	$4.06B	$4.03B	$4.10B
Liabilities
Accounts payable	$57.0M	$40.0M	$38.0M	$49.0M	$55.0M	$39.0M	$37.0M	$62.0M	$67.0M	$63.0M	$32.0M	$46.0M
Short-term debt	$23.0M	$1.14B	$497.0M	$45.0M	$45.0M	$45.0M	$46.0M	$47.0M	$44.0M	$37.0M	$41.0M	$495.0M
Deferred revenue	$147.0M	—	—	$96.0M	$99.0M	$118.0M	$121.0M	$98.0M	$106.0M	$117.0M	$91.0M	$83.0M
Total current liabilities	$503.0M	$1.14B	$497.0M	$439.0M	$460.0M	$453.0M	$466.0M	$459.0M	$481.0M	$522.0M	$459.0M	$397.0M
Long-term debt	$2.65B	$2.63B	$2.52B	$2.58B	$2.58B	$2.48B	$2.42B	$2.44B	$2.38B	$2.20B	$2.16B	$2.12B
Lease obligations	—	—	$3.0M	—	—	—	$3.0M	—	—	—	$4.0M	$41.0M
Other long-term liabilities	$693.0M	$37.0M	$702.0M	$742.0M	$691.0M	$734.0M	$687.0M	$672.0M	$664.0M	$664.0M	$664.0M	$724.0M
Total liabilities	$3.85B	$3.80B	$3.71B	$3.76B	$3.73B	$3.67B	$3.57B	$3.57B	$3.53B	$3.39B	$3.29B	$3.24B
Shareholders' equity
Common stock & paid-in capital	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M
Retained earnings (deficit)	$568.0M	$498.0M	$471.0M	$811.0M	$738.0M	$683.0M	$654.0M	$600.0M	$528.0M	$472.0M	$488.0M	$467.0M
Accumulated other comprehensive income	$14.0M	$7.0M	$3.0M	$1.0M	$2.0M	$4.0M	$17.0M	$10.0M	$25.0M	$7.0M	$19.0M	$34.0M
Total shareholders' equity	$480.0M	$447.0M	$468.0M	$583.0M	$570.0M	$579.0M	$650.0M	$583.0M	$623.0M	$674.0M	$746.0M	$856.0M
Key figures
Total debt	$2.67B	$3.79B	$3.06B	$2.63B	$2.58B	$2.53B	$2.47B	$2.49B	$2.43B	$2.24B	$2.21B	$2.62B
Net cash (debt)	−$2.61B	−$3.71B	−$2.99B	−$2.56B	−$2.53B	−$2.48B	−$2.36B	−$2.42B	−$2.36B	−$2.19B	−$2.14B	−$2.54B
Working capital	−$6.0M	−$758.0M	−$142.0M	$69.0M	$14.0M	−$16.0M	$1.0M	−$14.0M	−$49.0M	−$155.0M	−$86.0M	−$46.0M
Tangible book value	−$2.52B	−$1.35B	−$1.34B	−$2.48B	−$2.50B	−$2.49B	−$2.42B	−$2.50B	−$2.47B	−$2.42B	−$2.36B	−$1.02B
Book value per share	$6.38	$5.90	$6.18	$7.58	$7.31	$7.36	$8.25	$7.36	$7.72	$8.24	$9.03	$10.13
Shares outstanding	75.2M	75.8M	75.7M	76.9M	78.0M	78.7M	78.8M	79.2M	80.7M	81.8M	82.6M	84.5M
Current ratio	0.99	0.33	0.71	1.16	1.03	0.96	1.00	0.97	0.90	0.70	0.81	0.88
Quick ratio	0.80	0.33	0.71	0.90	0.80	0.72	0.80	0.78	0.72	0.57	0.67	0.88
Debt / equity	5.57	8.47	6.53	4.51	4.52	4.37	3.79	4.27	3.90	3.32	2.96	3.06
Equity / assets	11.1%	10.5%	11.2%	13.4%	13.3%	13.6%	15.4%	14.0%	15.0%	16.6%	18.5%	20.9%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 19, 2026); data from EODHD.

WH financial position

At the end of fiscal 2025 (December 31, 2025), Wyndham Hotels & Resorts had total assets of $4.2 billion (down 1.0% from a year earlier), total liabilities of $3.7 billion and shareholders' equity of $468.0 million. It held $64.0 million in cash and short-term investments against $3.1 billion of debt, net debt of $3.0 billion. Its current ratio was 0.71. In the latest quarter (ended June 30, 2026) total assets were $4.3 billion and equity $480.0 million.

Related: WH income statement, WH cash flow statement, WH key metrics. See the WH stock overview for the latest quote and news.

WH balance sheet FAQ

What are Wyndham Hotels & Resorts's total assets?

Wyndham Hotels & Resorts reported total assets of $4.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $4.2 billion a year earlier.

How much debt does Wyndham Hotels & Resorts have?

Wyndham Hotels & Resorts had $3.1 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 6.53.

How much cash does Wyndham Hotels & Resorts have?

Wyndham Hotels & Resorts held $64.0 million in cash and short-term investments at the end of fiscal 2025; with $3.1 billion of debt that is net debt of $3.0 billion.

What is Wyndham Hotels & Resorts's book value?

Wyndham Hotels & Resorts's shareholders' equity (book value) was $468.0 million at the end of fiscal 2025, or $6.18 per share.

What is Wyndham Hotels & Resorts's current ratio?

Wyndham Hotels & Resorts had current assets of $355.0 million and current liabilities of $497.0 million, a current ratio of 0.71 (current liabilities exceed current assets).

How much goodwill does Wyndham Hotels & Resorts have?

Wyndham Hotels & Resorts carried $1.8 billion of goodwill and intangible assets, 43.2% of total assets, at the end of fiscal 2025.