Reddit (Reddit) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is Reddit Debt-to-Equity?

Reddit's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $4.4 Mil. Reddit's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $20.8 Mil. Reddit's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $1,838.3 Mil. Reddit's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Reddit's Debt-to-Equity or its related term are showing as below:

RDDT' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.13 Med: -0.05 Max: 0.01
Current: 0.01

During the past 4 years, the highest Debt-to-Equity Ratio of Reddit was 0.01. The lowest was -0.13. And the median was -0.05.

RDDT's Debt-to-Equity is ranked better than
99.77% of 428 companies
in the Interactive Media industry
Industry Median: 0.15 vs RDDT: 0.01

Reddit Debt-to-Equity Historical Data

The historical data trend for Reddit's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Reddit Debt-to-Equity Chart

Reddit Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-0.13

-0.05

-0.06

Reddit Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial									-0.05	N/A	-0.06	-0.06	0.01

Competitive Comparison of Reddit's Debt-to-Equity

For the Internet Content & Information subindustry, Reddit's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Reddit's Debt-to-Equity Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Reddit's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Reddit's Debt-to-Equity falls into.

Reddit Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Reddit's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(3.707	+	22.04)	/	-412.922
	=	-0.06

Reddit's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(4.383	+	20.835)	/	1838.3
	=	0.01

Reddit (NYSE:RDDT) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Reddit Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Reddit's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Reddit (Reddit) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Reddit Inc (NYSE:RDDT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

303 2nd Street, South Tower, 5th Floor, South Tower, 5th Floor, CA, USA, 94107

Website

https://www.redditinc.com

Reddit Inc is engaged in providing internet content. The company provides online services that include gaming, sports, business, crypto, television and others.

Reddit (Reddit) Headlines

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