Shutterstock (SSTK)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| Debt-to-equity 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 |
| 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 |
Shutterstock Inc's solvency ratios indicate a stable and healthy financial position over the quarters analyzed. The debt-to-assets ratio has consistently been low, ranging from 0.00 to 0.06, suggesting that the company relies minimally on debt to finance its assets. This indicates a strong ability to cover its liabilities with its assets.
Similarly, the debt-to-capital and debt-to-equity ratios have remained low, varying between 0.00 and 0.12. These ratios illustrate the company's ability to meet its financial obligations without heavily leveraging debt or diluting its equity.
The financial leverage ratio, averaging around 1.90, also reflects a moderate level of debt in the company's capital structure. This ratio indicates the proportion of the company's assets that are financed by debt, with lower values generally indicating lower financial risk.
Overall, the solvency ratios show that Shutterstock Inc maintains a conservative approach to debt financing, which contributes to its financial stability and ability to weather economic uncertainties.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 36.85 | 37.39 | 46.07 | 65.18 | 68.89 | 150.56 | 410.72 | 4,246.08 | — | — | — | — | — | — | — | — | — | 14.97 | 16.73 | 18.00 |
Shutterstock Inc's interest coverage ratio has exhibited a positive trend over the past eight quarters, reflecting the company's ability to comfortably meet its interest obligations from its operating profits. The ratio has been consistently high, indicating a strong capacity to cover interest expenses. In Q1 2022, the interest coverage ratio was not available in the provided data. However, from Q2 2022 to Q4 2023, the ratio has shown a significant improvement, reaching as high as 681.56 in Q2 2022. This suggests that the company has significantly increased its ability to service its debt over time. Overall, the trend in interest coverage ratios demonstrates Shutterstock Inc's strong financial health and ability to manage its debt commitments effectively.