DoorDash, Inc. Class A Common Stock (DASH)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	8,389,000	7,803,000	7,569,000	7,162,000	6,999,000	6,806,000	6,559,000	6,396,000	6,518,000	6,754,000	6,825,000	7,410,000	4,652,000	4,667,000	4,666,000	4,619,000	4,555,000	4,700,000	1,433,000
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $8,389,000K)
= 0.00

The debt-to-capital ratio for DoorDash, Inc. Class A Common Stock remained at zero across all considered reporting dates from September 30, 2020, through March 31, 2025. This indicates that throughout this period, the company did not utilize or report any long-term or short-term debt in its capital structure. The consistent zero value suggests that DoorDash relied primarily on equity financing and internal cash flows rather than debt funding to finance its operations and growth activities during this timeframe. Consequently, the company maintained a fully equity-financed capital structure, which minimizes financial leverage and associated risks related to debt servicing.