DoorDash, Inc. Class A Common Stock (DASH)

Debt-to-assets ratio

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	13,572,000	12,845,000	12,277,000	11,837,000	11,450,000	10,839,000	10,013,000	9,601,000	9,646,000	9,789,000	9,552,000	9,928,000	6,822,000	6,809,000	6,358,000	6,182,000	5,902,000	6,353,000	2,874,000
Debt-to-assets ratio		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

March 31, 2025 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $13,572,000K
= 0.00

The debt-to-assets ratio for DoorDash, Inc. Class A Common Stock remained consistently at zero across all reported historical periods, from September 30, 2020, through March 31, 2025. This indicates that during this timeframe, the company did not utilize debt financing in its capital structure; instead, its assets appear to be entirely financed through equity or other non-debt sources. The persistent absence of debt suggests a conservative approach to leverage or a strategic decision to operate without debt obligations. Consequently, the company's financial stance is characterized by a debt-free asset base, which impacts its financial risk profile by eliminating debt-related liabilities and interest expenses. This stability in the debt-to-assets ratio reflects a consistent financial strategy over multiple years and quarters.