Shutterstock (SSTK)

Debt-to-capital ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	527,094	531,963	519,507	476,534	447,482	430,583	429,093	444,423	468,482	474,896	465,334	440,504	421,925	390,240	343,500	327,727	328,145	316,253	303,921	294,984
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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 for Shutterstock Inc has remained relatively stable at 0.05 for the last four quarters of 2023, indicating that the company's debt is 5% of its total capital. This suggests that Shutterstock Inc has a conservative approach to debt financing, as a lower debt-to-capital ratio signifies a lower level of financial risk. Additionally, the company had no debt recorded in Q1 2023 and Q1 2022, which suggests that Shutterstock Inc may have paid off its debt during these periods. Overall, the consistent low debt-to-capital ratio reflects a prudent financial strategy aimed at maintaining a healthy balance between debt and equity in its capital structure.