Shutterstock (SSTK)

Financial leverage 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
Total assets	US$ in thousands	1,036,020	1,015,920	1,004,260	842,523	881,184	840,180	848,568	795,978	851,710	841,177	795,852	755,144	729,644	688,282	626,331	614,965	630,512	617,237	592,953	587,497
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
Financial leverage ratio		1.97	1.91	1.93	1.77	1.97	1.95	1.98	1.79	1.82	1.77	1.71	1.71	1.73	1.76	1.82	1.88	1.92	1.95	1.95	1.99

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 shown some fluctuations over the past eight quarters. The ratio indicates that the company has a moderate level of financial leverage, with values ranging from 1.77 to 1.98.

In Q1 2022 and Q3 2022, the company had relatively lower financial leverage ratios of 1.79 and 1.95, respectively. This suggests that the company relied less on debt financing during those periods.

On the other hand, the highest financial leverage ratio of 1.98 was observed in Q2 2022, indicating a slightly higher level of debt utilization by the company during that quarter.

Overall, the variations in the financial leverage ratio of Shutterstock Inc indicate that the company has been managing its debt levels prudently, maintaining a moderate level of financial leverage between 1.77 and 1.98 over the past eight quarters.