Etsy Inc (ETSY)

Debt-to-capital ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	-758,866	-543,715	-547,274	628,619	742,424
Debt-to-capital ratio		—	—	—	0.00	0.00

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $-758,866K)
= —

From the provided data, we can see that the Debt-to-Capital ratio for Etsy Inc has been consistently reported at 0.00% for the years ending in December 31, 2020 and December 31, 2021. This indicates that Etsy Inc has not utilized debt to finance its operations relative to its capital structure during these two years.

For the years 2022, 2023, and 2024, the Debt-to-Capital ratio data is represented as "—", which suggests that the information for these years is unavailable or not disclosed. Without this data, we cannot draw any conclusions about Etsy Inc's debt level relative to its capital structure for these years.

Overall, based on the provided data, we can infer that Etsy Inc has maintained a debt-free capital structure in the years 2020 and 2021. However, it would be beneficial to have complete data for all years to assess any potential changes in the company's debt management strategy over time.