Shutterstock (SSTK)

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 119,598 0 — — —
Total assets US$ in thousands 1,309,160 1,036,020 881,184 851,710 729,644
Debt-to-assets ratio 0.09 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $119,598K ÷ $1,309,160K
= 0.09

The debt-to-assets ratio for Shutterstock has remained consistently low from December 31, 2020, to December 31, 2023, at 0.00, indicating a strong financial position with minimal debt relative to total assets. However, there was a slight increase to 0.09 on December 31, 2024, signaling a potential shift in the company's capital structure towards utilizing a slightly higher level of debt to finance its assets. Management should continue monitoring this ratio to ensure it aligns with the company's overall financial strategy and risk tolerance.