Airbnb Inc (ABNB)

Debt-to-assets ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Long-term debt	US$ in thousands	1,991,000	1,990,000	2,000,000	2,000,000	1,987,000	1,985,660	1,984,620	1,983,580	1,983,000	1,981,500	1,980,460	1,979,400
Total assets	US$ in thousands	20,645,000	21,439,000	21,188,000	20,018,000	16,038,000	16,076,600	19,059,100	17,068,400	13,708,000	13,582,000	15,484,800	12,339,100
Debt-to-assets ratio		0.10	0.09	0.09	0.10	0.12	0.12	0.10	0.12	0.14	0.15	0.13	0.16

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,991,000K ÷ $20,645,000K
= 0.10

Based on the data provided, the debt-to-assets ratio of Airbnb Inc has been relatively stable over the past eight quarters, ranging from 0.09 to 0.12. A lower debt-to-assets ratio indicates that Airbnb has a lower proportion of debt relative to its total assets, suggesting a conservative approach to financing its operations. This is generally viewed positively by creditors as it signifies lower risk. However, a very low debt-to-assets ratio may also indicate underutilization of debt financing, potentially limiting growth opportunities. Overall, Airbnb's consistent debt-to-assets ratio within the 0.09 to 0.12 range demonstrates a balanced approach to financial leverage and prudent management of its capital structure.