DoorDash, Inc. Class A Common Stock (DASH)

Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $8,389,000K
= 0.00

The debt-to-equity ratio for DoorDash, Inc. Class A Common Stock has consistently been reported at zero across all examined periods from September 30, 2020 through March 31, 2025. This indicates that the company has not utilized debt financing during this timeframe and has financed its operations entirely through equity. Such a stable zero debt-to-equity ratio reflects a conservative capital structure, with no reliance on borrowed funds to support its assets. The absence of debt suggests a potentially lower financial risk profile, reducing the company’s exposure to interest obligations and refinancing risks. However, it may also imply limitations in leveraging debt to accelerate growth or expand operations. Overall, the data consistently demonstrates that DoorDash has maintained a debt-free financial position throughout the specified periods.