Etsy Balance Sheet Health
Financial Health criteria checks 2/6
Etsy has a total shareholder equity of $-624.3M and total debt of $2.3B, which brings its debt-to-equity ratio to -366.3%. Its total assets and total liabilities are $2.4B and $3.1B respectively. Etsy's EBIT is $368.3M making its interest coverage ratio -20.5. It has cash and short-term investments of $1.0B.
Key information
-366.3%
Debt to equity ratio
US$2.29b
Debt
| Interest coverage ratio | -20.5x |
| Cash | US$1.04b |
| Equity | -US$624.30m |
| Total liabilities | US$3.07b |
| Total assets | US$2.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3E2 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 3E2 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 3E2 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 3E2's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 3E2's debt is well covered by operating cash flow (32%).
Interest Coverage: 3E2 earns more interest than it pays, so coverage of interest payments is not a concern.