• Etsy average debt/equity ratio for 2013-12-31 was 0, a 0% decline from 2014-03-31.
• Etsy average debt/equity ratio for 2014-03-31 was 0, a 0% decline from 2014-06-30.
• Etsy average debt/equity ratio for 2014-06-30 was 0, a 0% decline from 2014-09-30.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.