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
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
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
Debt-to-assets ratio		0.10	0.09	0.09	0.10	0.12	0.12	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

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.