Duolingo Inc (DUOL)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | Mar 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,301,730 | 1,219,550 | 1,139,440 | 1,068,670 | 964,229 | 870,714 | 834,803 | 790,379 | 747,347 | 713,699 | 701,050 | 684,511 | 661,311 | 617,777 | 181,693 | 176,874 | 175,739 |
| 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 | 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 has consistently maintained a debt-to-assets ratio of 0.00 over the period from December 31, 2020, to December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company does not have any long-term debt on its balance sheet relative to its total assets. This suggests that Duolingo Inc is primarily funded by equity rather than debt, which can be viewed favorably by investors and creditors as it indicates a lower financial risk. Overall, Duolingo Inc's stable low debt-to-assets ratio reflects a strong financial position and a conservative approach to managing its capital structure.
Peer comparison
Dec 31, 2024