Shutterstock (SSTK)
Debt-to-equity 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-equity ratio | 0.23 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $119,598K ÷ $518,350K
= 0.23
Based on the data provided, Shutterstock's debt-to-equity ratio has remained at 0.00 from December 31, 2020, to December 31, 2023. This indicates that the company has been effectively using equity financing rather than debt to fund its operations and investments during these years.
However, there is a notable increase in the debt-to-equity ratio to 0.23 as of December 31, 2024. This suggests that Shutterstock has taken on some level of debt relative to its equity, which could signify a shift towards utilizing more debt to support its activities compared to previous years.
It is essential to closely monitor this trend in the debt-to-equity ratio in future periods to assess the company’s leverage position and its ability to manage debt effectively while maintaining financial stability.
Peer comparison
Dec 31, 2024