Doximity Inc (DOCS)

Financial leverage 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
Total assets US$ in thousands 1,264,310 1,172,160 1,118,520 1,073,460 1,079,370 1,000,650 1,025,570 1,153,510 1,136,890 1,067,090 1,028,340 1,050,930 991,357 932,172 869,255 830,182 251,719 206,378 —
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 —
Financial leverage ratio 1.17 1.14 1.16 1.18 1.20 1.16 1.18 1.16 1.18 1.15 1.17 1.16 1.13 1.11 1.13 1.14 3.77 1.70 —

March 31, 2025 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,264,310K ÷ $1,082,620K
= 1.17

The financial leverage ratio of Doximity Inc has fluctuated over the past few years, indicating variations in the company's debt utilization and financial risk. The ratio was not available for September 30, 2020. From December 31, 2020, where it stood at 1.70, there was a substantial increase by March 31, 2021 to 3.77, suggesting a significant rise in debt relative to equity during that period.

Subsequently, there was a notable decline in the financial leverage ratio to 1.14 by June 30, 2021, followed by relatively stable levels around 1.13 to 1.16 through September 30, 2022. From December 31, 2022 to March 31, 2024, the ratio experienced a slight increase, reaching its highest point of 1.20 by March 31, 2024.

However, the ratio decreased slightly thereafter, maintaining a range between 1.14 to 1.18 from June 30, 2024 to December 31, 2024. As of the most recent data point on March 31, 2025, the financial leverage ratio stands at 1.17. Overall, the company's financial leverage has shown some variability, with periods of higher and lower leverage ratios observed during the analyzed period.