Debt to Equity
since 2005
Calculation
CoStar Group Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Long-term debt, net1 | ÷ | Stockholders’ equity1 | |
|---|---|---|---|---|---|
| Dec 31, 2022 | 0.14 | = | 989,210) | ÷ | 6,870,121) |
| Dec 31, 2021 | 0.17 | = | 987,944) | ÷ | 5,711,672) |
| Dec 31, 2020 | 0.18 | = | 986,715) | ÷ | 5,375,359) |
| Dec 31, 2019 | 0.00 | = | —) | ÷ | 3,405,593) |
| Dec 31, 2018 | 0.00 | = | —) | ÷ | 3,021,942) |
| Dec 31, 2017 | 0.00 | = | —) | ÷ | 2,651,250) |
| Dec 31, 2016 | 0.20 | = | 338,339) | ÷ | 1,654,213) |
| Dec 31, 2015 | 0.23 | = | 355,112) | ÷ | 1,543,780) |
| Dec 31, 2014 | 0.25 | = | 385,000) | ÷ | 1,513,546) |
| Dec 31, 2013 | 0.17 | = | 153,125) | ÷ | 927,862) |
| Dec 31, 2012 | 0.21 | = | 170,625) | ÷ | 826,343) |
| Dec 31, 2011 | 0.00 | = | —) | ÷ | 659,177) |
| Dec 31, 2010 | 0.00 | = | —) | ÷ | 381,502) |
| Dec 31, 2009 | 0.00 | = | —) | ÷ | 359,006) |
| Dec 31, 2008 | 0.00 | = | —) | ÷ | 303,421) |
| Dec 31, 2007 | 0.00 | = | —) | ÷ | 281,805) |
| Dec 31, 2006 | 0.00 | = | —) | ÷ | 250,110) |
| Dec 31, 2005 | 0.00 | = | —) | ÷ | 224,796) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The financial trajectory from 2005 to 2022 is characterized by a consistent and substantial expansion of stockholders' equity, which has served as the primary driver of the company's capital structure stability.
- Stockholders' Equity Expansion
- Equity grew from 224.8 million in 2005 to 6.87 billion by 2022. This growth exhibited a steady climb during the first decade, followed by a period of accelerated increase starting in 2017, where equity more than doubled between 2017 and 2022.
- Long-term Debt Dynamics
- Long-term debt was not reported until 2012, at which point it stood at 170.6 million. Debt levels remained relatively stable through 2016, fluctuating between 153.1 million and 385.0 million. A significant escalation in borrowing is observed by 2020, with debt increasing to 986.7 million and maintaining a plateau near 989.2 million through 2022.
- Debt to Equity Ratio Analysis
- The debt-to-equity ratio has remained consistently low, peaking at 0.25 in 2014. Despite the substantial increase in absolute long-term debt between 2016 and 2020, the ratio trended downward, moving from 0.20 in 2016 to 0.14 in 2022. This indicates that the growth in stockholders' equity significantly outpaced the accumulation of debt.
The overall leverage profile demonstrates a conservative approach to financing. The decreasing trend in the debt-to-equity ratio during the most recent reporting periods suggests a strengthening balance sheet and a reduced reliance on external leverage relative to the company's total equity base.
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Comparison to Industry (Industrials)
CoStar Group Inc., debt to equity, long-term trends, comparison to industry (industrials)
| CoStar Group Inc. | Industrials | |
|---|---|---|
| Dec 31, 2022 | 0.14 | 1.42 |
| Dec 31, 2021 | 0.17 | 1.37 |
| Dec 31, 2020 | 0.18 | 1.82 |
| Dec 31, 2019 | 0.00 | 1.82 |
| Dec 31, 2018 | 0.00 | 1.85 |
| Dec 31, 2017 | 0.00 | 1.65 |
| Dec 31, 2016 | 0.20 | 1.54 |
| Dec 31, 2015 | 0.23 | 1.51 |
| Dec 31, 2014 | 0.25 | 1.89 |
| Dec 31, 2013 | 0.17 | 1.79 |
| Dec 31, 2012 | 0.21 | 2.29 |
| Dec 31, 2011 | 0.00 | 2.60 |
| Dec 31, 2010 | 0.00 | 2.68 |
| Dec 31, 2009 | 0.00 | 3.01 |
| Dec 31, 2008 | 0.00 | 3.54 |
| Dec 31, 2007 | 0.00 | 2.73 |
| Dec 31, 2006 | 0.00 | 2.49 |
| Dec 31, 2005 | 0.00 | 2.42 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).