Airbnb Inc (ABNB)

Debt-to-capital ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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	1,995,000	1,994,000	1,993,000	1,992,000	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 stockholders’ equity	US$ in thousands	8,412,000	8,488,000	8,002,000	7,896,000	8,165,000	9,123,000	5,059,000	5,291,000	5,560,000	5,540,000	5,245,000	4,737,000	4,775,000
Debt-to-capital ratio		0.19	0.19	0.20	0.20	0.20	0.18	0.28	0.27	0.26	0.26	0.27	0.30	0.29

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,995,000K ÷ ($1,995,000K + $8,412,000K)
= 0.19

The debt-to-capital ratio of Airbnb Inc has shown a consistent trend from December 31, 2021, to December 31, 2024. The ratio decreased from 0.29 on December 31, 2021, to 0.19 on December 31, 2024. This trend indicates a reduction in the proportion of debt relative to the total capital employed by the company over the period. The decrease in the debt-to-capital ratio suggests that Airbnb Inc has been managing its debt levels effectively and may have been paying down debt or increasing its capital base. A lower debt-to-capital ratio generally indicates a lower financial risk for the company as it relies less on debt financing. It is also important to note that the ratio fluctuated slightly over the period but generally remained below 0.30, indicating a relatively stable capital structure for Airbnb Inc.