Stock Analysis on Net

Etsy Inc. (NASDAQ:ETSY)

This company has been moved to the archive! The financial data has not been updated since November 3, 2022.

Analysis of Solvency Ratios
Quarterly Data

Microsoft Excel

Solvency Ratios (Summary)

Etsy Inc., solvency ratios (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Debt Ratios
Debt to equity 4.11 3.53 3.80 4.35 4.38 1.98 1.50 1.67 1.64 2.10 2.08 2.16 0.79 0.83 0.85 0.86 0.91 0.87 0.18 0.21 0.24 0.24
Debt to capital 1.34 0.80 0.78 0.79 0.81 0.81 0.66 0.60 0.62 0.62 0.68 0.68 0.68 0.44 0.45 0.46 0.46 0.48 0.46 0.15 0.17 0.19 0.19
Debt to assets 0.98 0.66 0.64 0.62 0.66 0.71 0.54 0.46 0.50 0.49 0.56 0.55 0.56 0.34 0.36 0.38 0.37 0.39 0.38 0.12 0.12 0.13 0.13
Financial leverage 6.21 5.53 6.10 6.56 6.20 3.65 3.24 3.32 3.36 3.73 3.79 3.85 2.31 2.34 2.25 2.30 2.34 2.26 1.53 1.65 1.80 1.80

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Etsy Inc. debt to capital ratio deteriorated from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Etsy Inc. debt to assets ratio deteriorated from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Debt to Equity

Etsy Inc., debt to equity calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in thousands)
Finance lease obligations, current 4,827 3,709 2,455 2,418 8,757 8,691 8,639 8,537 8,345 8,073 8,000 8,275 8,770 9,306 9,927 3,884 4,284 4,376 4,861 5,798 6,548 7,345 6,748
Finance lease obligations, net of current portion 106,330 107,287 108,857 110,283 38,700 40,969 43,042 44,979 47,147 49,258 51,458 53,611 55,576 57,409 59,610 2,095 2,791 2,806 3,231 4,115 5,160 6,191 4,610
Facility financing obligation 59,991 60,008 60,025 60,041 60,049 60,047 60,668 59,586
Long-term debt, net 2,278,585 2,277,519 2,276,480 2,275,418 2,274,351 2,273,331 1,302,345 1,062,299 1,054,604 803,227 794,129 785,126 776,127 284,011 280,226 276,486 272,790 269,133 265,415
Total debt 2,389,742 2,388,515 2,387,792 2,388,119 2,321,808 2,322,991 1,354,026 1,115,815 1,110,096 860,558 853,587 847,012 840,473 350,726 349,763 342,456 339,873 336,340 333,548 69,962 71,755 74,204 70,944
 
Stockholders’ equity (deficit) (606,242) 581,295 676,867 628,619 533,622 530,753 683,774 742,424 666,667 524,175 406,847 406,634 389,262 442,301 420,013 400,898 394,619 370,091 384,487 396,894 348,215 308,279 295,048
Solvency Ratio
Debt to equity1 4.11 3.53 3.80 4.35 4.38 1.98 1.50 1.67 1.64 2.10 2.08 2.16 0.79 0.83 0.85 0.86 0.91 0.87 0.18 0.21 0.24 0.24
Benchmarks
Debt to Equity, Competitors2
Amazon.com Inc. 0.58 0.62 0.53 0.54 0.63 0.67 0.58 0.66 0.73 0.83 0.78 0.83 0.90 0.93 0.99
Home Depot Inc. 37.82 17.48 20.52 11.29 23.01 19.53 12.69 15.29
Lowe’s Cos. Inc. 52.23 15.16 5.35 5.01 12.71 9.79 7.26 6.65 5.42 4.45 2.89 2.74 2.76
TJX Cos. Inc. 0.52 0.52 0.87 1.04 1.11 1.33 1.52 0.38 0.40 0.42 0.44 0.44 0.42 0.43 0.42

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q3 2022 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity (deficit)
= 2,389,742 ÷ -606,242 =

2 Click competitor name to see calculations.


Debt to Capital

Etsy Inc., debt to capital calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in thousands)
Finance lease obligations, current 4,827 3,709 2,455 2,418 8,757 8,691 8,639 8,537 8,345 8,073 8,000 8,275 8,770 9,306 9,927 3,884 4,284 4,376 4,861 5,798 6,548 7,345 6,748
Finance lease obligations, net of current portion 106,330 107,287 108,857 110,283 38,700 40,969 43,042 44,979 47,147 49,258 51,458 53,611 55,576 57,409 59,610 2,095 2,791 2,806 3,231 4,115 5,160 6,191 4,610
Facility financing obligation 59,991 60,008 60,025 60,041 60,049 60,047 60,668 59,586
Long-term debt, net 2,278,585 2,277,519 2,276,480 2,275,418 2,274,351 2,273,331 1,302,345 1,062,299 1,054,604 803,227 794,129 785,126 776,127 284,011 280,226 276,486 272,790 269,133 265,415
Total debt 2,389,742 2,388,515 2,387,792 2,388,119 2,321,808 2,322,991 1,354,026 1,115,815 1,110,096 860,558 853,587 847,012 840,473 350,726 349,763 342,456 339,873 336,340 333,548 69,962 71,755 74,204 70,944
Stockholders’ equity (deficit) (606,242) 581,295 676,867 628,619 533,622 530,753 683,774 742,424 666,667 524,175 406,847 406,634 389,262 442,301 420,013 400,898 394,619 370,091 384,487 396,894 348,215 308,279 295,048
Total capital 1,783,500 2,969,810 3,064,659 3,016,738 2,855,430 2,853,744 2,037,800 1,858,239 1,776,763 1,384,733 1,260,434 1,253,646 1,229,735 793,027 769,776 743,354 734,492 706,431 718,035 466,856 419,970 382,483 365,992
Solvency Ratio
Debt to capital1 1.34 0.80 0.78 0.79 0.81 0.81 0.66 0.60 0.62 0.62 0.68 0.68 0.68 0.44 0.45 0.46 0.46 0.48 0.46 0.15 0.17 0.19 0.19
Benchmarks
Debt to Capital, Competitors2
Amazon.com Inc. 0.37 0.38 0.35 0.35 0.39 0.40 0.37 0.40 0.42 0.45 0.44 0.45 0.47 0.48 0.50
Home Depot Inc. 0.97 0.95 0.95 0.92 0.96 1.01 1.11 1.11 1.04 1.04 1.08 1.07 0.95 0.93 0.94
Lowe’s Cos. Inc. 1.06 1.01 0.98 0.94 0.84 0.83 0.93 0.91 0.88 0.87 0.84 0.82 0.74 0.73 0.73
TJX Cos. Inc. 0.34 0.34 0.46 0.51 0.53 0.57 0.60 0.27 0.29 0.30 0.30 0.31 0.30 0.30 0.30

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q3 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= 2,389,742 ÷ 1,783,500 = 1.34

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Etsy Inc. debt to capital ratio deteriorated from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Debt to Assets

Etsy Inc., debt to assets calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in thousands)
Finance lease obligations, current 4,827 3,709 2,455 2,418 8,757 8,691 8,639 8,537 8,345 8,073 8,000 8,275 8,770 9,306 9,927 3,884 4,284 4,376 4,861 5,798 6,548 7,345 6,748
Finance lease obligations, net of current portion 106,330 107,287 108,857 110,283 38,700 40,969 43,042 44,979 47,147 49,258 51,458 53,611 55,576 57,409 59,610 2,095 2,791 2,806 3,231 4,115 5,160 6,191 4,610
Facility financing obligation 59,991 60,008 60,025 60,041 60,049 60,047 60,668 59,586
Long-term debt, net 2,278,585 2,277,519 2,276,480 2,275,418 2,274,351 2,273,331 1,302,345 1,062,299 1,054,604 803,227 794,129 785,126 776,127 284,011 280,226 276,486 272,790 269,133 265,415
Total debt 2,389,742 2,388,515 2,387,792 2,388,119 2,321,808 2,322,991 1,354,026 1,115,815 1,110,096 860,558 853,587 847,012 840,473 350,726 349,763 342,456 339,873 336,340 333,548 69,962 71,755 74,204 70,944
 
Total assets 2,450,311 3,607,100 3,745,175 3,831,809 3,502,138 3,290,416 2,497,411 2,404,489 2,214,505 1,762,031 1,517,642 1,542,352 1,499,198 1,021,775 981,168 901,851 907,368 865,310 870,165 605,583 574,062 554,317 530,739
Solvency Ratio
Debt to assets1 0.98 0.66 0.64 0.62 0.66 0.71 0.54 0.46 0.50 0.49 0.56 0.55 0.56 0.34 0.36 0.38 0.37 0.39 0.38 0.12 0.12 0.13 0.13
Benchmarks
Debt to Assets, Competitors2
Amazon.com Inc. 0.19 0.19 0.17 0.18 0.20 0.21 0.19 0.19 0.22 0.24 0.23 0.23 0.25 0.26 0.27
Home Depot Inc. 0.54 0.51 0.49 0.53 0.53 0.55 0.61 0.61 0.56 0.55 0.55 0.66 0.57 0.55 0.55
Lowe’s Cos. Inc. 0.53 0.49 0.45 0.47 0.43 0.42 0.48 0.49 0.45 0.43 0.41 0.47 0.42 0.43 0.41
TJX Cos. Inc. 0.11 0.12 0.18 0.20 0.20 0.23 0.28 0.09 0.09 0.10 0.10 0.16 0.15 0.16 0.16

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q3 2022 Calculation
Debt to assets = Total debt ÷ Total assets
= 2,389,742 ÷ 2,450,311 = 0.98

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Etsy Inc. debt to assets ratio deteriorated from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Financial Leverage

Etsy Inc., financial leverage calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in thousands)
Total assets 2,450,311 3,607,100 3,745,175 3,831,809 3,502,138 3,290,416 2,497,411 2,404,489 2,214,505 1,762,031 1,517,642 1,542,352 1,499,198 1,021,775 981,168 901,851 907,368 865,310 870,165 605,583 574,062 554,317 530,739
Stockholders’ equity (deficit) (606,242) 581,295 676,867 628,619 533,622 530,753 683,774 742,424 666,667 524,175 406,847 406,634 389,262 442,301 420,013 400,898 394,619 370,091 384,487 396,894 348,215 308,279 295,048
Solvency Ratio
Financial leverage1 6.21 5.53 6.10 6.56 6.20 3.65 3.24 3.32 3.36 3.73 3.79 3.85 2.31 2.34 2.25 2.30 2.34 2.26 1.53 1.65 1.80 1.80
Benchmarks
Financial Leverage, Competitors2
Amazon.com Inc. 3.12 3.19 3.07 3.04 3.17 3.14 3.13 3.44 3.41 3.50 3.39 3.63 3.52 3.61 3.68
Home Depot Inc. 70.56 34.20 41.51 21.39 43.60 34.24 23.01 27.65
Lowe’s Cos. Inc. 115.06 32.52 12.49 11.88 26.71 20.02 16.18 15.41 13.36 9.47 6.81 6.42 6.66
TJX Cos. Inc. 4.67 4.49 4.94 5.28 5.67 5.70 5.36 4.06 4.38 4.31 4.38 2.84 2.86 2.70 2.66

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q3 2022 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity (deficit)
= 2,450,311 ÷ -606,242 =

2 Click competitor name to see calculations.