eBay Inc (EBAY)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 6,973,000 | 7,721,000 | 7,727,000 | 7,740,000 | 6,738,000 |
| Total stockholders’ equity | US$ in thousands | 6,396,000 | 5,153,000 | 9,778,000 | 3,561,000 | 2,870,000 |
| Debt-to-capital ratio | 0.52 | 0.60 | 0.44 | 0.68 | 0.70 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $6,973,000K ÷ ($6,973,000K + $6,396,000K)
= 0.52
The debt-to-capital ratio of EBay Inc. has exhibited fluctuations over the past five years. The ratio decreased from 0.73 in 2019 to 0.48 in 2021, indicating a reduction in the proportion of debt relative to total capital during this period. However, there was an increase to 0.69 in 2020 before dropping again in 2021. In 2022, the ratio rose to 0.63, suggesting an increase in debt relative to capital.
The latest data for 2023 shows a ratio of 0.55, reflecting a moderate decrease in the proportion of debt in the capital structure compared to the previous year. Overall, the trend in the debt-to-capital ratio of EBay Inc. indicates variations in the company's leverage over the years, with a mix of increases and decreases in debt levels relative to total capital. Further analysis would be needed to determine the reasons behind these fluctuations and assess the company's overall financial health and risk profile.
Peer comparison
Dec 31, 2023