Godaddy Inc (GDDY)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 3,798,500 | 3,812,900 | 3,858,200 | 3,090,100 | 2,376,800 |
| Total assets | US$ in thousands | 7,564,900 | 6,973,500 | 7,417,100 | 6,432,900 | 6,301,200 |
| Debt-to-assets ratio | 0.50 | 0.55 | 0.52 | 0.48 | 0.38 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $3,798,500K ÷ $7,564,900K
= 0.50
The debt-to-assets ratio of Godaddy Inc has fluctuated over the past five years, ranging from 0.38 in 2019 to 0.55 in 2022. A higher ratio indicates a greater proportion of the company's assets are financed by debt. In the most recent year, as of December 31, 2023, the debt-to-assets ratio stood at 0.50. This suggests that 50% of the company's assets were financed through debt.
The trend in the debt-to-assets ratio indicates that the company has been gradually increasing its reliance on debt to finance its assets over the years, peaking in 2022 before slightly decreasing in 2023. It is essential for investors and stakeholders to monitor this ratio to assess the company's financial risk and leverage levels. A higher debt-to-assets ratio can indicate higher financial risk, as the company may have difficulty meeting its debt obligations in the future.
Peer comparison
Dec 31, 2023