Doximity Inc (DOCS)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 901,397 | 864,614 | 871,467 | 990,787 | 966,116 | 930,174 | 878,964 | 902,166 | 878,594 | 838,848 | 772,560 | 728,452 |
| 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 |
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 has consistently been reported as 0.00 in each of the quarterly periods shown in the table. This implies that the company has not utilized debt to finance its operations and growth, as its debt levels are either negligible or non-existent relative to its equity. A debt-to-equity ratio of 0.00 indicates a conservative financial structure, with a potential absence of financial risk associated with debt repayment. This aspect may demonstrate financial stability and a conservative capital structure maintained by Doximity Inc over the specified period.
Peer comparison
Mar 31, 2024