Etsy Inc (ETSY)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,417,780 | 2,685,400 | 2,634,960 | 3,831,810 | 2,404,490 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,417,780K
= 0.00
The debt-to-assets ratio for Etsy Inc for the years 2020 to 2024 was consistently 0.00. This indicates that the company did not have any financial leverage in these years, as its total debt was zero in relation to its total assets. A debt-to-assets ratio of 0.00 suggests that Etsy Inc did not rely on debt financing to fund its operations or investments during this period. This could be seen as a positive sign of financial stability and low financial risk, as the company's assets were fully financed by equity rather than debt. It also implies that the company had a strong financial position and may have been able to invest in growth opportunities using internally generated funds.
Peer comparison
Dec 31, 2024