Airbnb Inc (ABNB)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,991,000 | 1,987,000 | 1,983,000 |
| Total assets | US$ in thousands | 20,645,000 | 16,038,000 | 13,708,000 |
| Debt-to-assets ratio | 0.10 | 0.12 | 0.14 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,991,000K ÷ $20,645,000K
= 0.10
The debt-to-assets ratio of Airbnb Inc has shown a declining trend over the past five years. This ratio, which measures the proportion of the company's assets financed by debt, decreased from 0.00 in 2019 to 0.10 in 2023. This suggests that Airbnb Inc has been relying less on debt to fund its assets over the years. A lower debt-to-assets ratio indicates a stronger financial position and lower financial risk as the company has less debt relative to its assets. This trend may signify improved financial stability and a more sustainable capital structure for Airbnb Inc. However, it is essential to consider other financial metrics and factors in conjunction with the debt-to-assets ratio to gain a comprehensive understanding of the company's financial health and risk profile.
Peer comparison
Dec 31, 2023