Etsy Inc (ETSY)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,685,400 | 2,634,960 | 3,831,810 | 2,404,490 | 1,542,350 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,685,400K
= 0.00
The debt-to-assets ratio of Etsy Inc has displayed some fluctuations over the past five years, ranging from 0.46 in 2020 to 0.91 in 2022. In 2023, the ratio stands at 0.89, indicating that the company's level of debt relative to its total assets has decreased slightly compared to the previous year. This suggests that Etsy has a higher proportion of assets financed by debt in 2023 compared to 2020 but a lower proportion than in 2022. A higher debt-to-assets ratio could indicate a higher financial risk as the company relies more on debt to finance its activities. Conversely, a lower ratio may signify a healthier financial position with less reliance on debt financing. It is important for investors and stakeholders to monitor this ratio to assess the company's leverage and overall financial health.
Peer comparison
Dec 31, 2023