Duolingo Inc (DUOL)

Debt-to-assets ratio

		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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	1,068,670	953,957	870,714	834,803	790,379	747,347	713,699	701,050	684,511	661,311	617,777	181,693
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

March 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,068,670K
= 0.00

Duolingo Inc's debt-to-assets ratio has consistently remained at 0.00 for the past 12 quarters. This indicates that the company has not used debt as a source of financing and has funded its assets entirely through equity. A debt-to-assets ratio of 0.00 implies a low financial risk and a strong financial position, as there is no debt burden on the company's assets. It suggests that Duolingo has been conservative in its financial management, opting to avoid taking on debt to fund its operations and growth.