Etsy Inc (ETSY)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	-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	406,634	389,262	442,301	420,013
Debt-to-equity 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

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 been increasing over the past two quarters, from 3.53 in Q1 2022 to 4.11 in Q2 2022. However, there is no available data for the ratios in the subsequent quarters of 2023. The trend indicates a higher reliance on debt financing relative to equity, which may pose risks in terms of financial leverage and solvency. It would be essential for Etsy Inc to carefully monitor and manage its debt levels to maintain a healthy balance between debt and equity financing.