Doximity Inc (DOCS)
Debt-to-equity ratio
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,082,620 | 1,031,120 | 961,196 | 913,580 | 901,397 | 864,614 | 871,467 | 990,787 | 966,116 | 930,174 | 878,964 | 902,166 | 878,594 | 838,848 | 772,560 | 728,452 | 66,743 | 121,196 | — |
| Debt-to-equity 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
March 31, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,082,620K
= 0.00
Based on the provided data for Doximity Inc, the debt-to-equity ratio has been consistently at 0.00 across the periods from September 30, 2020, to March 31, 2025. This ratio indicates that the company does not have any financial leverage through debt in its capital structure, as the numerator (total debt) is zero or negligible compared to the denominator (total equity).
A debt-to-equity ratio of 0.00 suggests that Doximity Inc is primarily funded by its equity rather than debt. This can be viewed positively by investors and creditors as it signifies a lower financial risk due to less dependency on borrowing to finance operations or growth.
Having a consistently low or zero debt-to-equity ratio can also indicate strong financial stability and liquidity, as the company may not have significant debt obligations to service. However, it's important to consider that a very low debt-to-equity ratio may also imply missed opportunities for leveraging debt for potential growth or tax advantages.
In conclusion, based on the data provided, Doximity Inc has maintained a very conservative capital structure with zero debt relative to its equity, which could be seen as a sign of financial prudence and stability, but also a limitation in terms of leveraging debt for potential strategic opportunities.
Peer comparison
Mar 31, 2025