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.
Peer comparison
Dec 31, 2023