Doximity Inc (DOCS)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 | — |
| Debt-to-capital 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 | — |
| 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 | — |
| 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 | — |
Doximity Inc's solvency ratios indicate a strong financial position with consistently low levels of debt relative to its assets, capital, and equity. The Debt-to-assets ratio has remained at 0.00 from December 2020 to March 2025, indicating that the company has no significant debt obligations in relation to its total assets.
Similarly, the Debt-to-capital ratio and Debt-to-equity ratio have also remained at 0.00 during the same period, suggesting that the company relies minimally on debt financing both in terms of its capital structure and equity ownership.
The Financial leverage ratio, which measures the proportion of a company's debt to its equity, has shown slight fluctuations but generally remained stable around 1.15 to 1.20 from December 2020 to March 2025. This indicates that Doximity's financial risk is well-managed, as the company maintains a conservative level of leverage in funding its operations.
Overall, the solvency ratios reflect a sound financial health for Doximity Inc, with low debt levels and a balanced capital structure, which may enhance the company's ability to weather economic downturns and pursue future growth opportunities.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | — | — | — | — | 42.20 | 22.15 | 17.61 | 14.90 | 26.52 | 62.88 | 82.91 | 217.55 | 198.80 | 17.10 | 15.77 | 10.98 | 8.59 | 179.19 |
Interest coverage ratio is a financial metric that indicates a company's ability to cover its interest payments on outstanding debt with its operating income. A higher interest coverage ratio is generally favorable as it demonstrates the company's strong ability to meet its interest obligations.
Analyzing Doximity Inc's interest coverage ratio based on the provided data, we observe fluctuations over the quarters. In September 2020, the interest coverage ratio was very high at 179.19, indicating a strong ability to cover interest payments. However, by December 2020, the ratio dropped significantly to 8.59, raising concerns about the company's ability to meet its interest obligations.
Subsequently, there was an improvement in the interest coverage ratio over the following quarters, with values of 10.98 in March 2021, 15.77 in June 2021, and 17.10 in September 2021. The ratio further increased significantly to 198.80 in December 2021 and 217.55 in March 2022, reflecting a substantial improvement in the company's capacity to cover interest expenses.
However, there was a decline in the interest coverage ratio in the subsequent quarters, with values of 82.91 in June 2022, 62.88 in September 2022, and 26.52 in December 2022. This downward trend continued with ratios of 14.90 in March 2023, 17.61 in June 2023, and 22.15 in September 2023, indicating a potential strain on the company's ability to cover interest payments.
The most recent data available shows an interest coverage ratio of 42.20 in December 2023. It is important to note that data is not available for the quarters beyond December 2023.
In conclusion, based on the analysis of Doximity Inc's interest coverage ratio, the company has experienced fluctuations in its ability to cover interest payments over the quarters, with periods of improvement followed by declines. Monitoring this ratio is crucial to assess the company's financial health and its capacity to service its debt obligations.