Etsy Inc.、合并资产负债表结构：负债和股东权益（季度数据）
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2022年9月30日 |
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2022年6月30日 |
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2022年3月31日 |
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2021年12月31日 |
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2021年9月30日 |
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2021年6月30日 |
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2021年3月31日 |
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2020年12月31日 |
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2020年9月30日 |
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2020年6月30日 |
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2020年3月31日 |
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2019年12月31日 |
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2019年9月30日 |
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2019年6月30日 |
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2019年3月31日 |
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2018年12月31日 |
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2018年9月30日 |
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2018年6月30日 |
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2018年3月31日 |
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2017年12月31日 |
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2017年9月30日 |
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2017年6月30日 |
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2017年3月31日 |
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应付帐款 |
0.69% | |
0.50% | |
0.42% | |
0.73% | |
0.38% | |
0.81% | |
0.66% | |
1.70% | |
1.00% | |
0.91% | |
0.70% | |
1.71% | |
1.56% | |
2.01% | |
1.77% | |
2.94% | |
1.56% | |
1.71% | |
0.93% | |
2.25% | |
1.26% | |
1.37% | |
1.20% | |
|
|
应计费用 |
10.20% | |
6.04% | |
6.44% | |
8.56% | |
7.00% | |
6.38% | |
8.74% | |
9.66% | |
7.87% | |
7.61% | |
4.54% | |
5.73% | |
4.69% | |
5.45% | |
4.09% | |
5.45% | |
4.10% | |
4.10% | |
4.07% | |
4.75% | |
4.58% | |
5.48% | |
4.27% | |
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融资租赁债务，流动 |
0.20% | |
0.10% | |
0.07% | |
0.06% | |
0.25% | |
0.26% | |
0.35% | |
0.36% | |
0.38% | |
0.46% | |
0.53% | |
0.54% | |
0.58% | |
0.91% | |
1.01% | |
0.43% | |
0.47% | |
0.51% | |
0.56% | |
0.96% | |
1.14% | |
1.33% | |
1.27% | |
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应付款项和应付给卖家的金额 |
7.98% | |
5.01% | |
5.10% | |
5.75% | |
4.79% | |
4.15% | |
6.33% | |
6.11% | |
5.12% | |
5.89% | |
3.64% | |
3.23% | |
2.50% | |
6.32% | |
6.55% | |
2.34% | |
6.99% | |
5.73% | |
5.58% | |
7.37% | |
7.87% | |
6.33% | |
6.46% | |
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|
递延收入 |
0.50% | |
0.33% | |
0.33% | |
0.32% | |
0.36% | |
0.37% | |
0.49% | |
0.47% | |
0.47% | |
0.52% | |
0.54% | |
0.49% | |
0.50% | |
0.78% | |
0.79% | |
0.83% | |
0.79% | |
0.74% | |
0.74% | |
1.03% | |
1.10% | |
1.04% | |
1.09% | |
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|
其他流动负债 |
0.73% | |
0.49% | |
0.53% | |
0.64% | |
0.67% | |
0.40% | |
0.54% | |
0.62% | |
0.56% | |
0.48% | |
0.53% | |
0.53% | |
0.49% | |
0.82% | |
0.94% | |
0.44% | |
0.29% | |
0.34% | |
0.36% | |
0.56% | |
0.44% | |
0.38% | |
1.00% | |
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流动负债 |
20.29% |
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12.47% |
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12.90% |
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16.07% |
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13.45% |
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12.37% |
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17.10% |
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18.91% |
|
15.40% |
|
15.87% |
|
10.47% |
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12.22% |
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10.32% |
|
16.30% |
|
15.15% |
|
12.43% |
|
14.21% |
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13.12% |
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12.25% |
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16.92% |
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16.39% |
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15.93% |
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15.29% |
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融资租赁债务，扣除流动部分 |
4.34% | |
2.97% | |
2.91% | |
2.88% | |
1.11% | |
1.25% | |
1.72% | |
1.87% | |
2.13% | |
2.80% | |
3.39% | |
3.48% | |
3.71% | |
5.62% | |
6.08% | |
0.23% | |
0.31% | |
0.32% | |
0.37% | |
0.68% | |
0.90% | |
1.12% | |
0.87% | |
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递延所得税负债 |
2.54% | |
1.90% | |
2.06% | |
2.07% | |
2.69% | |
0.00% | |
0.00% | |
2.43% | |
2.87% | |
3.76% | |
4.16% | |
4.18% | |
5.54% | |
3.19% | |
3.33% | |
3.38% | |
3.40% | |
3.73% | |
3.71% | |
3.93% | |
7.07% | |
11.73% | |
12.25% | |
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贷款融资义务 |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
6.65% | |
6.61% | |
6.94% | |
6.90% | |
9.92% | |
10.46% | |
10.94% | |
11.23% | |
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长期债务，净额 |
92.99% | |
63.14% | |
60.78% | |
59.38% | |
64.94% | |
69.09% | |
52.15% | |
44.18% | |
47.62% | |
45.59% | |
52.33% | |
50.90% | |
51.77% | |
27.80% | |
28.56% | |
30.66% | |
30.06% | |
31.10% | |
30.50% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
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其他责任 |
4.58% | |
3.39% | |
3.28% | |
3.19% | |
2.58% | |
1.16% | |
1.65% | |
1.73% | |
1.88% | |
2.24% | |
2.85% | |
2.85% | |
2.69% | |
3.81% | |
4.08% | |
2.20% | |
1.92% | |
2.02% | |
2.08% | |
3.02% | |
4.52% | |
4.66% | |
4.77% | |
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非流动负债 |
104.45% |
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71.41% |
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69.02% |
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67.53% |
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71.31% |
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71.50% |
|
55.52% |
|
50.21% |
|
54.50% |
|
54.38% |
|
62.73% |
|
61.41% |
|
63.72% |
|
40.42% |
|
42.04% |
|
43.12% |
|
42.30% |
|
44.11% |
|
43.57% |
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17.54% |
|
22.95% |
|
28.45% |
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29.12% |
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负债合计 |
124.74% |
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83.88% |
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81.93% |
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83.59% |
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84.76% |
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83.87% |
|
72.62% |
|
69.12% |
|
69.90% |
|
70.25% |
|
73.19% |
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73.64% |
|
74.04% |
|
56.71% |
|
57.19% |
|
55.55% |
|
56.51% |
|
57.23% |
|
55.81% |
|
34.46% |
|
39.34% |
|
44.39% |
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44.41% |
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普通股，面值 0.001 美元 |
0.01% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.01% | |
0.02% | |
0.02% | |
0.02% | |
0.02% | |
|
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优先股，面值 0.001 美元 |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
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额外实收资本 |
31.58% | |
19.74% | |
17.96% | |
16.49% | |
17.83% | |
17.94% | |
26.60% | |
36.73% | |
40.02% | |
38.32% | |
43.31% | |
41.67% | |
42.50% | |
56.14% | |
58.19% | |
62.32% | |
60.76% | |
63.11% | |
62.35% | |
82.47% | |
84.13% | |
83.45% | |
84.34% | |
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留存收益（累计赤字） |
-41.11% | |
2.95% | |
2.54% | |
1.87% | |
-0.61% | |
-1.73% | |
0.99% | |
-6.11% | |
-9.84% | |
-8.14% | |
-15.81% | |
-14.74% | |
-15.78% | |
-12.14% | |
-14.50% | |
-17.01% | |
-16.50% | |
-19.60% | |
-17.46% | |
-15.90% | |
-22.77% | |
-28.24% | |
-31.69% | |
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累计其他综合收益（亏损） |
-15.22% | |
-6.57% | |
-2.43% | |
-1.96% | |
-1.98% | |
-0.08% | |
-0.21% | |
0.25% | |
-0.09% | |
-0.44% | |
-0.70% | |
-0.56% | |
-0.77% | |
-0.73% | |
-0.89% | |
-0.87% | |
-0.78% | |
-0.76% | |
-0.72% | |
-1.05% | |
-0.71% | |
0.38% | |
2.92% | |
|
|
股东权益（赤字） |
-24.74% |
|
16.12% |
|
18.07% |
|
16.41% |
|
15.24% |
|
16.13% |
|
27.38% |
|
30.88% |
|
30.10% |
|
29.75% |
|
26.81% |
|
26.36% |
|
25.96% |
|
43.29% |
|
42.81% |
|
44.45% |
|
43.49% |
|
42.77% |
|
44.19% |
|
65.54% |
|
60.66% |
|
55.61% |
|
55.59% |
|
|
|
负债总额和股东权益（赤字） |
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
根据报告：
10-Q (报告日期： 2022-09-30), 10-Q (报告日期： 2022-06-30), 10-Q (报告日期： 2022-03-31), 10-K (报告日期： 2021-12-31), 10-Q (报告日期： 2021-09-30), 10-Q (报告日期： 2021-06-30), 10-Q (报告日期： 2021-03-31), 10-K (报告日期： 2020-12-31), 10-Q (报告日期： 2020-09-30), 10-Q (报告日期： 2020-06-30), 10-Q (报告日期： 2020-03-31), 10-K (报告日期： 2019-12-31), 10-Q (报告日期： 2019-09-30), 10-Q (报告日期： 2019-06-30), 10-Q (报告日期： 2019-03-31), 10-K (报告日期： 2018-12-31), 10-Q (报告日期： 2018-09-30), 10-Q (报告日期： 2018-06-30), 10-Q (报告日期： 2018-03-31), 10-K (报告日期： 2017-12-31), 10-Q (报告日期： 2017-09-30), 10-Q (报告日期： 2017-06-30), 10-Q (报告日期： 2017-03-31).
从数据中可以观察到，该公司在2017年至2022年期间的资产负债结构发生了明显变化。整体来看，负债在总资产中的比例不断上升，尤其是长期债务占比显著增加，说明公司在扩大利用债务融资以支撑业务扩展或其他资本需求。
应付账款、应计费用等流动负债占比相对稳定，但在某些季度出现波动。例如，应付账款占比在2018年迎来短暂的上升，随后逐步回落，显示出公司应付账款的波动性。流动负债总比例在2020年后出现增长趋势，指示公司可能趋向于增加短期负债比例，以应对运营资金压力。
值得注意的是，非流动负债，特别是长期债务的占比逐渐上升，从2018年开始逐步上扬，到2022年已占公司总负债的较大比例，尤其是在2020年后，长期债务比例明显升高，超过60%。这表明公司在融资策略上偏向于利用长期债务作为资本结构的主要部分，可能是为了降低融资成本或延长偿还期限。
同时，递延所得税负债的占比在2020年前后出现显著下降，至2021年后基本趋于稳定或略有回升。此外，融资租赁债务的逐步缩减也反映出公司可能在调整其资产负债结构，减少短期融资租赁安排，转而加大长期借款。
从股东权益方面，数据表明留存收益（累计赤字）在2022年前表现为负值，表明公司经历了一段亏损期。尽管部分时期股东权益有所改善，但整体上在2022年之后出现较大波动，甚至出现股东权益转为负值的情况，暗示财务状况并不稳健，存在潜在的财务压力。
此外，额外实收资本在2022年前持续下降，显示公司可能未通过新股融资获得大量资本。股东权益中的累计其他综合收益表现出减值趋势，反映出公司在相关资产或市场价值方面遭遇亏损或波动。
综合来看，该公司在财务结构方面表现为负债比重逐步增强，特别是长期债务比例显著提高，财务杠杆效应增强。与此同时，股东权益整体呈现波动，亏损压力在部分时期显著，提示财务风险逐步累积。未来若不能改善盈利能力或控制财务风险，可能会对公司的长期稳定性构成挑战。
