Doximity Inc (DOCS)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 |
March 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $901,397K
= 0.00
The debt-to-equity ratio of Doximity Inc for the years ending March 31, 2024, 2023, and 2022 is reported as 0.00. A debt-to-equity ratio of 0.00 indicates that the company has zero debt in relation to its equity. This could suggest that the company has been funding its operations and growth primarily through equity financing rather than taking on debt. While a low or zero debt-to-equity ratio may indicate financial stability and lower default risk, it could also imply missed opportunities for leveraging debt to potentially enhance returns on equity. Further analysis of the company’s capital structure and financial management strategies would be necessary to fully assess the implications of this consistent ratio.
Peer comparison
Mar 31, 2024