Godaddy Inc (GDDY)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 8,235,400 | 7,564,900 | 6,973,500 | 7,417,100 | 6,432,900 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $8,235,400K
= 0.00
The debt-to-assets ratio for Godaddy Inc has remained consistently at 0.00 over the years from December 31, 2020, to December 31, 2024. This indicates that the company has not used debt financing to fund its operations and investments, relying instead on its equity to finance its assets. A lower debt-to-assets ratio suggests a lower financial risk as the company is not highly leveraged. However, it is essential to note that a very low debt-to-assets ratio may also indicate underutilization of debt for potential growth opportunities. Overall, with a stable ratio of 0.00, Godaddy Inc appears to have a conservative approach to its capital structure, emphasizing financial stability and potentially limiting the potential benefits of debt financing.
Peer comparison
Dec 31, 2024