Etsy Inc (ETSY)

Debt-to-assets ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	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	1,542,350	1,499,200	1,021,780	981,168
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, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,685,400K
= 0.00

Based on the data provided, we can see the trend in Etsy Inc's debt-to-assets ratio over the past eight quarters. The debt-to-assets ratio is a financial metric that indicates the proportion of a company's assets that are financed through debt. A higher ratio suggests that a company has more debt relative to its total assets.

From Q1 2022 to Q2 2022, Etsy Inc's debt-to-assets ratio decreased significantly from 0.64 to 0.66. This decrease may indicate that the company either reduced its debt levels or increased its asset base during this period.

However, from Q2 2022 to Q3 2022, there was a notable increase in the debt-to-assets ratio from 0.66 to 0.98, which continued into Q4 2022 as the ratio remained at 0.98. This uptrend suggests that Etsy Inc's reliance on debt to finance its operations or investments increased during these quarters.

In the following quarters, Q1 2023 to Q4 2023, the debt-to-assets ratio fluctuated between 0.89 and 0.98. Overall, the company maintained a relatively high level of debt relative to its total assets during this period, with Q3 2023 and Q4 2022 showing the highest ratios at 0.98.

It is essential for investors and stakeholders to monitor changes in Etsy Inc's debt-to-assets ratio over time to assess the company's financial health and risk levels associated with its debt obligations. The increasing trend in the recent quarters warrants further scrutiny into the company's debt management strategies and capital structure decisions.