Godaddy Inc (GDDY)

Debt-to-assets 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	3,798,500	3,802,300	3,806,000	3,809,600	3,812,900	3,842,900	3,848,000	3,852,800	3,858,200	3,863,700	3,869,300	3,874,900	3,090,100	3,097,400	2,368,000	2,372,300	2,376,800	2,383,100	2,387,700	2,390,000
Total assets	US$ in thousands	7,564,900	6,499,200	6,793,900	7,092,300	6,973,500	7,072,900	6,904,100	6,901,300	7,417,100	7,298,000	7,362,100	7,259,300	6,432,900	6,207,800	6,092,100	6,162,200	6,301,200	6,167,600	6,448,900	6,350,600
Debt-to-assets ratio		0.50	0.59	0.56	0.54	0.55	0.54	0.56	0.56	0.52	0.53	0.53	0.53	0.48	0.50	0.39	0.38	0.38	0.39	0.37	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 been fluctuating over the past eight quarters. The ratio indicates the proportion of the company's assets financed through debt.

In Q4 2023, the debt-to-assets ratio decreased to 0.50 from 0.59 in Q3 2023, indicating a lower reliance on debt to finance its assets. This could imply improved financial stability and reduced financial risk.

Although the ratio has shown some volatility in recent quarters, it has generally been within a relatively narrow range between 0.54 and 0.59. This suggests that Godaddy Inc has been managing its debt levels effectively compared to its asset base.

Overall, the trend of the debt-to-assets ratio for Godaddy Inc indicates a moderate level of leverage, with fluctuations reflecting potential changes in the company's capital structure and financial strategies. Monitoring this ratio over time can provide insights into the company's financial health and risk management practices.