Shutterstock (SSTK)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 518,350 | 527,094 | 447,482 | 468,482 | 421,925 |
| Debt-to-capital ratio | 0.19 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $119,598K ÷ ($119,598K + $518,350K)
= 0.19
The debt-to-capital ratio for Shutterstock remained steady at 0.00 from December 31, 2020, to December 31, 2023. However, there was an increase in the ratio to 0.19 as of December 31, 2024. This indicates that Shutterstock started to utilize debt financing as a part of its capital structure in 2024. It's essential to monitor this ratio over time to assess the company's increasing reliance on debt to fund its operations and expansion. An uptrend in the debt-to-capital ratio may suggest a higher financial risk due to increased debt obligations, impacting the company's financial stability and potential for growth.
Peer comparison
Dec 31, 2024