Doximity Inc (DOCS)
Debt-to-assets ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — |
| Total assets | US$ in thousands | 1,079,370 | 1,136,890 | 991,357 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,079,370K
= 0.00
Based on the provided data, Doximity Inc's debt-to-assets ratio has consistently been 0.00 for the years ending March 31, 2024, 2023, and 2022. A debt-to-assets ratio of 0.00 indicates that the company does not have any debt relative to its total assets during these periods. This signifies that the company has been financing its operations using equity rather than debt, which can be viewed positively by investors and creditors as it implies lower financial risk and potential for improved financial stability. A consistently low or zero debt-to-assets ratio can also suggest financial prudence and effective management of capital structure by the company, although it is essential to consider the overall context and industry norms when evaluating the implications of such a ratio.
Peer comparison
Mar 31, 2024