Doximity Inc (DOCS)

Debt-to-capital ratio

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	—	901,397	966,116	878,594	66,743
Debt-to-capital ratio		—	0.00	0.00	0.00	0.00

March 31, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $—K)
= —

The debt-to-capital ratio for Doximity Inc as of March 31, 2021, through March 31, 2024, is consistently reported as 0.00, indicating that the company has not utilized any debt to finance its operations relative to its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is primarily equity-funded, which can signify financial stability and a lower risk level in terms of debt obligations.

However, the data for March 31, 2025, is presented as "—," which means that there may be missing or undisclosed information for this period. It is important to consider additional context or disclosure regarding the debt-to-capital ratio for this particular reporting year to fully assess Doximity Inc's financial leverage position at that time. Nevertheless, based on the available data, the consistent low debt-to-capital ratio indicates a conservative debt policy and potential financial strength for Doximity Inc.