Shutterstock (SSTK)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.09 | 0.09 | 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 |
| Debt-to-capital ratio | 0.19 | 0.19 | 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 |
| Debt-to-equity ratio | 0.23 | 0.23 | 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 |
| Financial leverage ratio | 2.53 | 2.58 | 1.93 | 1.90 | 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 |
Based on the provided data, we can analyze the solvency ratios of Shutterstock as follows:
1. Debt-to-Assets Ratio: The debt-to-assets ratio for Shutterstock shows a consistent trend of 0.00 from March 2020 to June 2024. However, there is a slight increase to 0.09 as of September 30, 2024, indicating that 9% of the company's assets are funded by debt.
2. Debt-to-Capital Ratio: The debt-to-capital ratio also remains stable at 0.00 from March 2020 to June 2024 but sees a rise to 0.19 as of September 30, 2024. This means that 19% of the company's capital is financed through debt.
3. Debt-to-Equity Ratio: Similar to the previous ratios, the debt-to-equity ratio remains constant at 0.00 until September 30, 2024, where it increases to 0.23. This indicates that for every dollar of equity, the company has 23 cents of debt.
4. Financial Leverage Ratio: The financial leverage ratio of Shutterstock shows fluctuations over the period analyzed, with a value of 1.88 on March 31, 2020, and ranging from 1.71 to 2.58 until December 31, 2024. This ratio indicates the proportion of the company's assets that are financed by debt compared to equity.
Overall, the solvency ratios of Shutterstock suggest that the company has been managing its debt levels well, with a recent increase in the ratios potentially indicating a shift towards more debt financing in the latter part of the period analyzed. Investors and stakeholders may monitor these ratios to assess the company's solvency and financial risk levels over time.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 6.51 | 9.39 | 25.16 | 20.47 | 36.85 | 37.39 | 46.07 | 65.18 | 68.89 | 150.56 | 410.72 | 4,246.08 | — | — | — | — | — | — | — | — |
The interest coverage ratio for Shutterstock, as indicated by the data provided, saw a significant improvement from March 31, 2022, where it stood at 4,246.08, to December 31, 2024, with a value of 6.51. This improvement in the interest coverage ratio signifies that the company's ability to cover its interest expenses with its earnings has strengthened over this period.
The interest coverage ratio provides insight into the company's ability to pay interest on its outstanding debt. A higher ratio indicates that the company is more capable of meeting its interest obligations from its operating profits. In the case of Shutterstock, the decreasing trend in the interest coverage ratio implies a positive financial health situation, highlighting the company's improved ability to handle its interest costs effectively.
It is essential for investors, creditors, and other stakeholders to monitor the interest coverage ratio as it reflects the company's financial stability and solvency. The overall trend of improving interest coverage for Shutterstock is a positive indicator of the company's financial performance and management of debt obligations over the specified period.