Etsy Inc (ETSY)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	-758,866	-624,300	-634,996	-583,761	-543,715	-622,528	-464,175	-540,188	-547,274	-606,242	581,295	676,867	628,619	533,622	530,753	683,774	742,424	666,667	524,175	406,847
Debt-to-equity ratio		—	—	—	—	—	—	—	—	—	—	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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $-758,866K
= —

The debt-to-equity ratio for Etsy Inc has been consistently reported as 0.00 across all quarters from March 31, 2020, to June 30, 2022. A debt-to-equity ratio of 0.00 indicates that the company has no debt or a minimal amount of debt relative to its equity. This suggests that Etsy Inc relies more on equity financing rather than debt to fund its operations and growth. However, starting from September 30, 2022, the data is denoted as "—" which signifies that there may not be any available data for the debt-to-equity ratio for subsequent quarters.

A debt-to-equity ratio of 0.00, if accurate, generally reflects a strong financial position and a lower level of financial risk, as the company is not highly leveraged. Investors and creditors often view a low debt-to-equity ratio favorably, as it indicates a lower probability of financial distress. However, it is important to note that the absence of debt can also imply missed opportunities for leveraging capital for potential growth or investment activities.

In conclusion, based on the data provided, Etsy Inc has maintained a debt-to-equity ratio of 0.00 for the periods with available data, indicating a conservative approach to capital structure management in the absence of debt.