Doximity Inc (DOCS)

Current 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
Total current assets	US$ in thousands	912,941	840,899	862,820	989,656	975,453	898,519	847,917	874,143	904,137	858,378	829,608	790,597
Total current liabilities	US$ in thousands	147,250	104,762	123,181	132,694	139,507	105,884	118,143	120,753	111,282	91,713	95,624	100,182
Current ratio		6.20	8.03	7.00	7.46	6.99	8.49	7.18	7.24	8.12	9.36	8.68	7.89

March 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $912,941K ÷ $147,250K
= 6.20

The current ratio of Doximity Inc has shown fluctuations over the past few quarters, ranging from a low of 6.20 to a high of 9.36. Generally, a current ratio above 1 indicates that a company has more current assets than current liabilities, which is a positive indicator of short-term liquidity and ability to meet its short-term obligations.

In the case of Doximity Inc, the current ratio has consistently been well above 1 in all reported periods, indicating a healthy liquidity position. The ratio peaked at 9.36 at the end of December 2021, showing that the company had significant current assets relative to current liabilities at that time.

Although the current ratio has fluctuated, the company has generally maintained a strong liquidity position throughout the periods under review. Investors and stakeholders may view this as a positive sign of Doximity Inc's ability to meet its short-term financial obligations.