DocuSign Inc (DOCU)
Debt-to-capital ratio
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | 0 | 718,487 | 693,219 |
| Total stockholders’ equity | US$ in thousands | 2,002,690 | 1,129,740 | 617,287 | 275,503 | 325,737 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.72 | 0.68 |
January 31, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,002,690K)
= 0.00
The debt-to-capital ratio of DocuSign Inc has shown fluctuations over the years. As of January 31, 2021, the ratio was 0.68, indicating that 68% of the company's capital structure was financed through debt. By January 31, 2022, the ratio had increased to 0.72, suggesting a slight rise in the proportion of debt relative to the company's total capital.
Interestingly, in the following years - January 31, 2023, January 31, 2024, and January 31, 2025 - the debt-to-capital ratio dropped to 0.00, signifying that DocuSign Inc had no debt relative to its capital during these periods. This may indicate strategic decisions to reduce debt levels or raise capital through alternative means.
Overall, the trend in the debt-to-capital ratio of DocuSign Inc highlights varying levels of leverage and capital structure management, potentially reflecting the company's financial strategies and market conditions during the respective periods.
Peer comparison
Jan 31, 2025