Duolingo Inc (DUOL)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — |
| Total assets | US$ in thousands | 953,957 | 747,347 | 661,311 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $953,957K
= 0.00
The debt-to-assets ratio of Duolingo Inc has been consistently at 0.00 for the years ending on December 31, 2021, 2022, and 2023. This indicates that the company has not incurred any debt in relation to its total assets during these periods. A debt-to-assets ratio of 0.00 signifies that Duolingo's assets have been primarily financed through equity or other non-debt sources. The absence of debt in the company's capital structure may suggest a conservative financial approach aimed at minimizing interest expenses and financial risks associated with leverage. Overall, Duolingo's consistent low debt-to-assets ratio indicates a strong financial position and stability in its capital structure over the analyzed period.
Peer comparison
Dec 31, 2023