Doximity Inc (DOCS)
Cash ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | — | 96,785 | 158,027 | 112,809 | 66,393 |
| Short-term investments | US$ in thousands | — | 666,115 | 682,972 | 685,304 | 76,141 |
| Total current liabilities | US$ in thousands | — | 147,250 | 139,507 | 111,282 | 102,042 |
| Cash ratio | — | 5.18 | 6.03 | 7.17 | 1.40 |
March 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($—K
+ $—K)
÷ $—K
= —
The cash ratio of Doximity Inc has shown a positive trend over the past few years, indicating an improvement in its ability to cover short-term liabilities with its cash holdings. The ratio increased from 1.40 in March 2021 to 7.17 in March 2022, demonstrating a significant increase in liquidity. Subsequently, the ratio remained relatively stable, standing at 6.03 in March 2023 and 5.18 in March 2024. This indicates that the company has a sufficient amount of cash to meet its short-term obligations during these periods. However, there is missing data for March 31, 2025, so the trend for that year is unclear. Overall, the increasing cash ratio suggests that Doximity Inc has been managing its cash resources effectively and is in a strong position to meet its financial obligations in the short term.
Peer comparison
Mar 31, 2025