The Trade Desk, Inc. TTD

Business rating

Price rating

$43.93Price on 18 Sept

$49.52 +12.7%Fair value estimate

Balance sheet

currency values in millions of USD

Strong balance sheet with net cash, low leverage, and solid liquidity; watch receivables/payables dynamics as the main sensitivity.

Fiscal Year	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period Ending	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31
Cash & Equivalents	1,369.5	895.1	1,030.5	754.2	437.4	130.9	207.2	156	133.4	4
Short Term Investments	552	485.2	416.1	204.6	186.7	124.1	0	0	0	0
Cash & Cash Equivalents	1,921.5	1,380.3	1,446.6	958.8	624	255	207.2	156	133.4	4
Net Receivables	3,330.3	2,870.3	2,347.2	2,020.7	1,584.1	1,166.4	834.8	599.6	377.2	191.9
Accounts Receivables	3,330.3	2,870.3	2,347.2	2,020.7	1,584.1	1,166.4	834.8	599.6	377.2	191.9
Other Receivables	0	0	0	0	0	0	0	0	0	0
Inventory	0	0	0	0	0	0	0	0	0	0
Prepaids	0	0	0	112.2	102.2	27.9	14.5	10.3	5.8	3.8
Other Current Assets	84.6	63.4	51.8	0	0	0	0	0	0	0
Total Current Assets	5,336.5	4,314	3,845.6	3,091.6	2,310.3	1,449.2	1,056.5	765.8	516.4	199.8
Property, Plant & Equipment	473.1	359.2	394.2	369.9	364	237.5	33	17.4	14.8	6.6
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	14.6	16.9	18.5	14.3	11.5	9.1	8.1	4.4	2.8	1.7
Tax Assets	230.2	154.8	94	68.2	50.2	19	8.5	3.4	1.8	1.2
Other Long-Term Assets	57.6	43.8	28.3	33.2	17.6	14	11.7	6.2	1.9	0.9
Total Long-Term Assets	775.5	574.7	535.1	485.7	443.3	279.5	61.3	31.4	21.2	10.4
Other Assets	0	0	0	0	0	0	0	0	0	0
Total Assets	6,112	4,888.7	4,380.7	3,577.3	2,753.6	1,728.8	1,117.9	797.2	537.6	210.2
Account Payables	2,631.2	2,317.3	1,871.4	1,655.7	1,348.5	868.6	669.1	490.4	321.2	108.5
Deferred Revenue	0	0	0	0	0	0	0	0	0	0
Current Debt	0	0	0	0	0	0	0	0	0	0
Tax Payables	0	0	0	0	0	0	0	0	0	0
Other Payables	0	0	0	0	0	0	0	0	0	0
Accrued Expenses	177.8	138	105.5	101.5	88.3	47.2	44.8	28.2	23	10.4
Current Capital Lease Obligations	64.5	55.5	52.4	46.1	37.9	14.6	0	0	0	0
Other Current Liabilities	0	0	0	0	0	0	0	0	0	0
Total Current Liabilities	2,873.5	2,510.8	2,029.3	1,803.3	1,474.7	930.4	714	518.5	344.1	118.9
Long-Term Debt	0	0	0	0	0	0	0	27	25.8	44.9
Long-Term Capital Lease Obligations	247.7	180.4	208.5	238.4	254.6	174.9	0	0	0	0
Long-Term Deferred Revenue	0	0	0	0	0	0	0	0	0	0
Long-Term Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Long-Term Liabilities	41.6	33.3	27.5	8.3	11.3	11	9.3	6	3.2	8.1
Total Long-Term Liabilities	289.3	213.6	236	246.7	265.8	185.9	9.3	33	29.1	53
Other Liabilities	0	0	0	0	0	0	0	0	0	0
Total Liabilities	3,162.8	2,724.5	2,265.3	2,050	1,740.5	1,116.2	723.3	551.6	373.2	171.9
Total Debt	312.2	235.9	261	284.6	292.4	189.5	0	27	25.8	44.9
Retained Earnings	354.2	197	665.5	612.1	474.4	232.4	124.1	36	-14.8	13.1
Comprehensive Income	0	0	0	0	0	0	0	0	0	0
Stockholders Equity	2,949.1	2,164.2	2,115.3	1,527.3	1,013.1	612.5	394.6	245.6	164.4	38.3
Total Liabilities & Equity	6,112	4,888.7	4,380.7	3,577.3	2,753.6	1,728.8	1,117.9	797.2	537.6	210.2
Book Value Per Share	6.01	4.42	4.34	3.20	2.19	1.38	0.86	0.61	0.43	0.08
Tangible Book Value Per Share	5.98	4.39	4.31	3.17	2.16	1.36	0.84	0.60	0.42	0.08
Cash Per Share	3.91	2.82	2.97	2.01	1.35	0.57	0.45	0.39	0.35	0.01
Debt to Market Cap	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.02	0.03
All data is from our financial data partners, who compile data from SEC filings. Data errors are possible. If you spot one, please let us know.