Shutterstock (SSTK)

Debt-to-capital ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	527,094	447,482	468,482	421,925	328,145
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $527,094K)
= 0.00

The debt-to-capital ratio of Shutterstock Inc has shown a fluctuating trend over the past five years. In 2019, the ratio was at 0.00, indicating that there was no debt in the company’s capital structure. However, in 2020 and 2021, the ratio remained at 0.00, suggesting that the company continued to have no debt relative to its capital.

In 2022, there was an increase in the debt-to-capital ratio to 0.10, indicating that the company had taken on some debt within its capital structure. This increase could signal a strategic decision to leverage debt for growth or investment opportunities.

By the end of 2023, the debt-to-capital ratio decreased to 0.05, showing a reduction in the proportion of debt in relation to the company's capital. This decline may indicate a shift in the company's financing strategy, potentially focusing more on equity financing or paying down debt.

Overall, the fluctuation in Shutterstock Inc's debt-to-capital ratio reflects changes in the company's capital structure and financing decisions over the years, which could impact its financial stability and risk profile.