Debt to Equity
since 2016
Calculation
Trade Desk Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Debt, net1 | ÷ | Stockholders’ equity1 | |
|---|---|---|---|---|---|
| Dec 31, 2024 | 0.00 | = | —) | ÷ | 2,949,145) |
| Dec 31, 2023 | 0.00 | = | —) | ÷ | 2,164,219) |
| Dec 31, 2022 | 0.00 | = | —) | ÷ | 2,115,339) |
| Dec 31, 2021 | 0.00 | = | —) | ÷ | 1,527,306) |
| Dec 31, 2020 | 0.00 | = | —) | ÷ | 1,013,145) |
| Dec 31, 2019 | 0.00 | = | —) | ÷ | 612,517) |
| Dec 31, 2018 | 0.00 | = | —) | ÷ | 394,567) |
| Dec 31, 2017 | 0.11 | = | 27,000) | ÷ | 245,583) |
| Dec 31, 2016 | 0.16 | = | 25,847) | ÷ | 164,380) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 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).
1 US$ in thousands
The financial data reflects significant shifts in the company's capital structure and equity base over the analyzed periods.
- Stockholders’ equity
- There is a consistent and robust increase in stockholders’ equity from 2016 through 2024. Starting at approximately $164 million in 2016, equity nearly doubles every few years, reaching over $2.9 billion by 2024. This demonstrates strong growth in the company’s net assets and potentially retained earnings or capital raised, reflecting an expanding business or successful operational performance.
- Debt, net
- Data on net debt is only available for 2016 and 2017, showing a slight increase from approximately $25.8 million to $27 million. Subsequent years have missing values, preventing trend analysis beyond 2017.
- Debt to equity ratio
- The debt to equity ratio is reported only for the first two years, declining from 0.16 in 2016 to 0.11 in 2017. This reduction indicates a lower reliance on debt relative to equity during that period, suggesting an early move toward a more equity-financed capital structure.
Overall, the equity growth trend is prominent, indicating accumulation of wealth and strengthening of the company’s financial foundation. The limited debt data suggests low leverage initially, but the absence of recent debt figures impedes a comprehensive understanding of leverage dynamics in later years.
Comparison to Competitors
Trade Desk Inc., debt to equity, long-term trends, comparison to competitors
| Trade Desk Inc. | Alphabet Inc. | Charter Communications Inc. | Comcast Corp. | Meta Platforms Inc. | Netflix Inc. | Walt Disney Co. | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | 0.00 | 0.03 | 6.10 | 1.16 | 0.16 | 0.63 | 0.45 |
| Dec 31, 2023 | 0.00 | 0.05 | 8.82 | 1.17 | 0.12 | 0.71 | 0.47 |
| Dec 31, 2022 | 0.00 | 0.06 | 10.70 | 1.17 | 0.08 | 0.69 | 0.51 |
| Dec 31, 2021 | 0.00 | 0.06 | 6.52 | 0.99 | 0.00 | 0.97 | 0.61 |
| Dec 31, 2020 | 0.00 | 0.06 | 3.48 | 1.15 | 0.00 | 1.47 | 0.70 |
| Dec 31, 2019 | 0.00 | 0.02 | 2.51 | 1.24 | 0.00 | 1.95 | 0.53 |
| Dec 31, 2018 | 0.00 | 0.02 | 2.01 | 1.56 | 0.00 | 1.98 | 0.43 |
| Dec 31, 2017 | 0.11 | 0.03 | 1.80 | 0.94 | 0.00 | 1.81 | 0.61 |
| Dec 31, 2016 | 0.16 | 0.03 | 1.54 | 1.13 | 0.00 | 1.26 | 0.47 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 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).
Comparison to Sector (Media & Entertainment)
Trade Desk Inc., debt to equity, long-term trends, comparison to sector (media & entertainment)
| Trade Desk Inc. | Media & Entertainment | |
|---|---|---|
| Dec 31, 2024 | 0.00 | 0.40 |
| Dec 31, 2023 | 0.00 | 0.44 |
| Dec 31, 2022 | 0.00 | 0.47 |
| Dec 31, 2021 | 0.00 | 0.46 |
| Dec 31, 2020 | 0.00 | 0.49 |
| Dec 31, 2019 | 0.00 | 0.48 |
| Dec 31, 2018 | 0.00 | 0.52 |
| Dec 31, 2017 | 0.11 | 0.45 |
| Dec 31, 2016 | 0.16 | 0.44 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 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).
Comparison to Industry (Communication Services)
Trade Desk Inc., debt to equity, long-term trends, comparison to industry (communication services)
| Trade Desk Inc. | Communication Services | |
|---|---|---|
| Dec 31, 2024 | 0.00 | 0.64 |
| Dec 31, 2023 | 0.00 | 0.72 |
| Dec 31, 2022 | 0.00 | 0.76 |
| Dec 31, 2021 | 0.00 | 0.74 |
| Dec 31, 2020 | 0.00 | 0.74 |
| Dec 31, 2019 | 0.00 | 0.70 |
| Dec 31, 2018 | 0.00 | 0.78 |
| Dec 31, 2017 | 0.11 | 0.82 |
| Dec 31, 2016 | 0.16 | 0.82 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 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).