Doximity Inc (DOCS)
Debt-to-capital ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — |
| Total stockholders’ equity | US$ in thousands | 901,397 | 966,116 | 878,594 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 |
March 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $901,397K)
= 0.00
The debt-to-capital ratio of Doximity Inc has been consistently at 0.00 for the past three years, including as of March 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has not used debt to finance its operations and investments relative to its total capital structure. This suggests that the company has been primarily relying on equity financing to support its activities. While a low or zero debt-to-capital ratio can be a positive indicator of financial stability and lower financial risk, it's important to assess the overall financial health and growth prospects of the company in conjunction with other financial metrics.
Peer comparison
Mar 31, 2024