Shutterstock (SSTK)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,036,020 | 881,184 | 851,710 | 729,644 | 630,512 |
| Total stockholders’ equity | US$ in thousands | 527,094 | 447,482 | 468,482 | 421,925 | 328,145 |
| Financial leverage ratio | 1.97 | 1.97 | 1.82 | 1.73 | 1.92 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,036,020K ÷ $527,094K
= 1.97
The financial leverage ratio of Shutterstock Inc has been relatively stable over the past five years, with values ranging from 1.73 to 1.97. This ratio indicates that the company has been employing a moderate level of financial leverage to fund its operations and growth. A ratio above 1 implies that the company relies on debt financing to support its assets, which can magnify returns but also increase financial risk. Overall, the consistent ratio suggests that Shutterstock Inc has maintained a balanced approach to capital structure management over the years.
Peer comparison
Dec 31, 2023