Doximity Inc (DOCS)

Based on the solvency ratios provided for Doximity Inc over the past three years, it is evident that the company has maintained a very low level of indebtedness relative to its assets, capital, and equity.

The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have all been consistently at 0.00 across the periods, indicating that the company operates with minimal reliance on debt to finance its operations and growth.

Moreover, the financial leverage ratio has shown a slight increasing trend from 1.13 in 2022 to 1.20 in 2024. The financial leverage ratio measures the proportion of a company's assets that are financed through debt, indicating that although there has been a slight increase in leverage, Doximity Inc still maintains a relatively conservative capital structure.

Overall, the solvency ratios suggest that Doximity Inc has a strong financial position and is financially stable with low debt levels, which can be seen as a positive sign for investors and creditors in terms of the company's ability to meet its financial obligations.

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Coverage ratios

Based on the given data, the interest coverage ratio for Doximity Inc is not available for the fiscal years ending on March 31, 2024, 2023, and 2022. The interest coverage ratio is a financial metric used to evaluate a company's ability to pay interest on its outstanding debt. A higher interest coverage ratio indicates that the company is more capable of servicing its debt obligations from its operating income.
Since the interest coverage ratio is not available in the data provided, it is not possible to assess Doximity Inc's ability to cover its interest expenses using its operating income during the specified fiscal years. This could be due to various reasons such as lack of specific data or the company's financial performance and debt structure. It is essential for investors and analysts to monitor this ratio to gauge the financial health and risk associated with a company's debt obligations.