Doximity Inc (DOCS)

Debt-to-assets 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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	1,079,370	1,000,650	1,025,570	1,153,510	1,136,890	1,067,090	1,028,340	1,050,930	991,357	932,172	869,255	830,182
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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

The debt-to-assets ratio for Doximity Inc has consistently been 0.00 for each quarter over the past year, indicating that the company has not utilized any debt to finance its operations or investments. This suggests that the company is primarily using equity to fund its operations and that it has a strong financial position with no significant debt obligations relative to its total assets. It is important to note that a low or zero debt-to-assets ratio can be a positive sign as it signifies lower financial risk and less reliance on debt financing for the company's operations.