Doximity Inc (DOCS)
Financial leverage ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | — | 1,079,370 | 1,136,890 | 991,357 | 251,719 |
| Total stockholders’ equity | US$ in thousands | — | 901,397 | 966,116 | 878,594 | 66,743 |
| Financial leverage ratio | — | 1.20 | 1.18 | 1.13 | 3.77 |
March 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $—K ÷ $—K
= —
The financial leverage ratio for Doximity Inc has shown a significant decrease from 3.77 as of March 31, 2021, to 1.13 as of March 31, 2022. This signifies a substantial reduction in the company's reliance on debt to finance its operations. The trend continues as the ratio further decreases to 1.18 as of March 31, 2023, and 1.20 as of March 31, 2024. The ratio reaching "—" as of March 31, 2025, indicates missing data or that the company may have paid off all its debt, further reinforcing the decreasing trend in financial leverage. Overall, the declining financial leverage ratio suggests a stronger financial position for Doximity Inc with reduced financial risk associated with debt.
Peer comparison
Mar 31, 2025