Duolingo Inc (DUOL)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,301,730 | 953,957 | 747,347 | 661,311 | 175,739 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,301,730K
= 0.00
Duolingo Inc's debt-to-assets ratio has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its assets during this period, suggesting a strong financial position and low financial risk. A debt-to-assets ratio of zero signifies that Duolingo's assets are entirely funded by equity, which may imply a conservative financial strategy focused on avoiding debt obligations. However, it's essential to note that while a low debt-to-assets ratio can indicate financial stability, it also implies potential limitations on capital structure flexibility and leveraging opportunities for the company.
Peer comparison
Dec 31, 2024