Etsy Inc (ETSY)

Financial leverage 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
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
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
Financial leverage ratio		—	—	—	—	—	—	6.21	5.53	6.10	6.56	6.20	3.65	3.24	3.32	3.36	3.73	3.79	3.85	2.31	2.34

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,685,400K ÷ $-543,715K
= —

The financial leverage ratio for Etsy Inc has been on an increasing trend over the past two quarters, with a significant rise from 5.53 in Q1 2022 to 6.21 in Q2 2022. This indicates that the company has been relying more on debt to finance its operations and growth. However, it is important to note that there is missing data for the subsequent quarters of 2023, making it challenging to provide a more recent analysis of the company's financial leverage position. Monitoring the trend of the financial leverage ratio in upcoming quarters will be crucial to assess the company's ability to manage its debt levels effectively.