Duolingo Inc (DUOL)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — |
| Total stockholders’ equity | US$ in thousands | 655,501 | 542,078 | 513,056 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $655,501K)
= 0.00
The debt-to-capital ratio for Duolingo Inc has consistently been 0.00 over the past three years, including as of December 31, 2023, December 31, 2022, and December 31, 2021. This indicates that the company has not utilized any debt to finance its operations during this period. A debt-to-capital ratio of 0.00 signifies that the company's capital structure is completely equity-funded, with no reliance on debt financing. Overall, Duolingo's financial structure emphasizes a low-risk approach, as it has avoided taking on debt to fund its operations and growth.
Peer comparison
Dec 31, 2023