Etsy Inc (ETSY)

Debt-to-assets 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	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	2,417,780	2,442,210	2,448,090	2,497,670	2,685,400	2,449,200	2,568,750	2,500,540	2,634,960	2,450,310	3,607,100	3,745,180	3,831,810	3,502,140	3,290,420	2,497,410	2,404,490	2,214,500	1,762,030	1,517,640
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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 shows consistently at 0.00% throughout the reporting periods provided, from March 31, 2020, to December 31, 2024. This indicates that the company has no debt in relation to its total assets during these periods. A debt-to-assets ratio of 0.00% suggests that the company finances its operations mainly through equity or other non-debt sources. This could be viewed positively by investors and creditors as it signifies a lower financial risk due to the absence of debt obligations. However, it's important to consider that a very low debt-to-assets ratio may also indicate underutilization of debt financing opportunities which could potentially enhance shareholder returns through leveraging.