Doximity Inc (DOCS)
Solvency ratios
| 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 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
| Financial leverage ratio | 1.20 | 1.16 | 1.18 | 1.16 | 1.18 | 1.15 | 1.17 | 1.16 | 1.13 | 1.11 | 1.13 | 1.14 |
The solvency ratios of Doximity Inc, as evidenced by the debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio, have consistently remained at 0.00 across the periods provided. This indicates that the company has not used any debt in relation to its assets, capital, or equity, suggesting a strong financial position in terms of leverage and insolvency risk.
However, the financial leverage ratio has shown slight fluctuations over time, ranging from 1.11 to 1.20. A financial leverage ratio above 1.0 indicates that the company has more assets held through debt financing compared to equity. The trend of the financial leverage ratio increasing over the periods may suggest that the company is taking on more debt relative to its equity, which could potentially increase financial risk.
Overall, while the debt-related solvency ratios indicate a conservative approach to debt usage by Doximity Inc, the increasing trend in the financial leverage ratio warrants monitoring to ensure that the company maintains a healthy balance between debt and equity in its capital structure.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | — | — | — | — | — | — | — | — |
The interest coverage ratio for Doximity Inc is not provided in the table for the periods mentioned. Interest coverage ratio is a financial metric that indicates a company's ability to pay interest expenses on its outstanding debt. It is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expenses. A higher interest coverage ratio indicates that the company is more capable of servicing its debt.
In order to assess Doximity Inc's financial health and its ability to meet its interest obligations, it would be necessary to have the specific values for EBIT and interest expenses for each period in question. This ratio is a crucial indicator for creditors and investors to evaluate the company's creditworthiness and risk of default.