Shutterstock (SSTK)

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	—	—	—	—	—
Total assets	US$ in thousands	1,036,020	881,184	851,710	729,644	630,512
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,036,020K
= 0.00

The debt-to-assets ratio of Shutterstock Inc has exhibited fluctuations over the past five years. In 2023, the ratio stands at 0.03, which indicates that the company has a low level of debt relative to its total assets. This reflects a conservative approach towards financial leverage, with only 3% of the company's assets being financed by debt. Compared to the previous year, there has been a decrease in the ratio from 0.06 in 2022.

Looking back to 2021, the company had no debt relative to its assets, suggesting a debt-free capital structure at that point. This could signify a favorable financial position with minimal financial risk associated with debt obligations. Similarly, in 2020 and 2019, the company also had a debt-to-assets ratio of 0.00, indicating a consistent practice of maintaining a debt-free balance sheet during those years.

Overall, the trend in the debt-to-assets ratio of Shutterstock Inc reflects a prudent financial management strategy focused on minimizing debt levels and ensuring a strong asset base. However, it is essential to consider other financial metrics and contextual factors to get a comprehensive understanding of the company's overall financial health and risk profile.