Shutterstock (SSTK)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.97 | 1.97 | 1.82 | 1.73 | 1.92 |
Shutterstock Inc's solvency ratios indicate its ability to meet its financial obligations over the years. The debt-to-assets ratio has shown a decreasing trend from 0.06 in 2022 to 0.03 in 2023, suggesting a lower reliance on debt to finance its assets. The debt-to-capital ratio has also decreased from 0.10 in 2022 to 0.05 in 2023, signaling a lower proportion of debt in its capital structure.
Moreover, the debt-to-equity ratio has exhibited a similar declining pattern, reducing from 0.11 in 2022 to 0.06 in 2023, indicating a decrease in the reliance on debt relative to equity financing. The financial leverage ratio has fluctuated but generally remained stable around 1.97, reflecting the company's ability to use debt effectively to generate returns for shareholders.
Overall, these solvency ratios suggest that Shutterstock Inc has managed its debt levels prudently over the years, with decreasing reliance on debt financing and maintaining a stable financial leverage position. This indicates a strong solvency position and ability to meet its long-term financial obligations.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | 36.85 | 70.08 | 1,613.52 | 11.64 | 0.37 |
The interest coverage ratio for Shutterstock Inc has been consistently strong over the past few years, with a notable decrease from 84.05 in 2022 to 36.85 in 2023. This suggests that the company's ability to cover its interest expenses with its operating income has slightly declined but remains at a healthy level. It is important to note that no data was available for 2021 and 2020, which limits our ability to assess the trend over a longer period. Overall, a higher interest coverage ratio indicates a stronger ability to meet interest payments and suggests a lower risk of financial distress due to debt obligations.