Doximity Inc (DOCS)

Current 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
Total current assets	US$ in thousands	1,088,620	1,012,700	957,712	904,766	912,941	840,899	862,820	989,656	975,453	898,519	847,917	874,143	904,137	858,378	829,608	790,597	209,401	164,152	—
Total current liabilities	US$ in thousands	156,257	115,881	132,283	135,277	147,250	104,762	123,181	132,694	139,507	105,884	118,143	120,753	111,282	91,713	95,624	100,182	102,042	83,255	—
Current ratio		6.97	8.74	7.24	6.69	6.20	8.03	7.00	7.46	6.99	8.49	7.18	7.24	8.12	9.36	8.68	7.89	2.05	1.97	—

March 31, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,088,620K ÷ $156,257K
= 6.97

The current ratio of Doximity Inc has shown fluctuations over the period ranging from September 30, 2020, to March 31, 2025. The current ratio represents the company's ability to cover its short-term liabilities with its short-term assets.

Doximity Inc's current ratio increased steadily from December 31, 2020, to December 31, 2022, indicating an improvement in its liquidity position. The ratio peaked at 9.36 on December 31, 2021, showing a strong ability to meet its short-term obligations with current assets during that period.

However, from March 31, 2022, to March 31, 2025, the current ratio declined, indicating a potential decrease in liquidity. The ratio dropped to 6.20 on March 31, 2024, suggesting a reduced ability to cover short-term liabilities with current assets during that timeframe.

Overall, Doximity Inc's current ratio demonstrates variation, with both periods of heightened and decreased liquidity, which may warrant further investigation into the company's working capital management and potential impact on its financial health and operational efficiency.