DigitalOcean Holdings Inc (DOCN)

Debt-to-assets ratio

		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
Long-term debt	US$ in thousands	1,479,690	1,477,800	1,475,910	1,474,030	1,472,150	1,470,270	1,468,390	1,466,520	1,464,520	1,462,680	0	0	0
Total assets	US$ in thousands	1,485,570	1,460,970	1,425,140	1,497,900	1,995,260	1,815,630	1,623,690	1,590,710	1,956,830	2,101,000	965,825	915,430	893,265
Debt-to-assets ratio		1.00	1.01	1.04	0.98	0.74	0.81	0.90	0.92	0.75	0.70	0.00	0.00	0.00

March 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $1,479,690K ÷ $1,485,570K
= 1.00

The debt-to-assets ratio of DigitalOcean Holdings Inc has been fluctuating over the past few quarters.

As of March 31, 2024, the company's debt-to-assets ratio stood at 1.00, indicating that the company's total debt was equal to its total assets. This could suggest a high level of leverage and financial risk.

Comparing this ratio to previous quarters, we observe a trend of increasing debt-to-assets ratios from December 2023 to September 2023, followed by a decline in the ratio in the subsequent quarter. This fluctuation indicates that the company may be actively managing its debt levels in relation to its asset base.

Looking back further, we see that the debt-to-assets ratio was relatively low in the first three quarters of 2022, gradually increasing towards the end of the year. The ratios in the first three quarters of 2021 were exceptionally low, possibly indicating a change in the company's capital structure or financial strategy during that period.

In summary, the debt-to-assets ratio of DigitalOcean Holdings Inc has shown variability over the quarters, suggesting changes in the company's debt management and financial structure. Investors and stakeholders should continue to monitor this ratio to assess the company's financial risk and sustainability.