Etsy Inc (ETSY)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | -543,715 | -547,274 | 628,619 | 742,424 | 406,634 |
| Debt-to-equity ratio | — | — | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $-543,715K
= —
The debt-to-equity ratio for Etsy Inc has varied over the past five years. In 2019, the ratio stood at 2.08, indicating that the company had a higher level of debt relative to its equity. This ratio decreased to 1.50 in 2020, suggesting a reduction in the company's debt compared to its equity.
However, in 2021, there was a significant increase in the debt-to-equity ratio to 3.80, signaling a substantial rise in debt relative to equity, which could potentially raise concerns about the company's leverage and financial risk. Unfortunately, the data for 2022 and 2023 is not available, making it challenging to assess the recent trend in the debt-to-equity ratio and its implications for Etsy Inc's financial position.
Overall, the fluctuation in the debt-to-equity ratio over the years suggests that Etsy Inc has experienced changes in its capital structure and financing decisions, which may have implications for its financial health and risk profile. Further analysis and monitoring of this ratio would be necessary to better understand the company's debt management strategies and their impact on its overall financial performance.
Peer comparison
Dec 31, 2023