Is it safe?
Can ETSY take a bad year?
Etsy, Inc. carries $1.56B of net debt at 3.06× EBITDA: a load its earnings can carry.
$1.56B
Net debt · as at Q1 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 3.06×
Net debt / EBITDA · 3.57× a year ago · the load is coming down
- Altman Z-score
- 1.52
Altman Z-score · distress zone, below 1.8
- Annualised volatility
- 50%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ1 2026
- $2.98B
- Cash and short-term investments
- $1.43B
- Net debt
- $1.56B
- EBITDA, trailing twelve months
- $508M
- Operating profit, trailing twelve months
- $408M
- Total debt / EBITDA
- 5.87×
- Annualised volatilitytwo years of daily moves
- 50%
- Worst drawdown on file
- −86%
- Below its 52-week high
- −6.1%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
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Ranks #3 of 18 by Smart Score