Duolingo Inc (DUOL)

Debt-to-capital 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 stockholders’ equity US$ in thousands 824,550 822,453 766,944 711,052 655,501 614,819 596,405 565,188 542,078 533,826 528,219 520,714 513,056 510,731 -93,777 -97,785 -80,691
Debt-to-capital 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

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $824,550K)
= 0.00

The debt-to-capital ratio for Duolingo Inc has been consistently at 0.00 from September 2021 to December 2024. This indicates that the company has not taken on any debt in relation to its capital during this period. A debt-to-capital ratio of 0.00 typically suggests that the company is primarily funded through equity rather than debt. This can be perceived positively by investors and creditors, as lower debt levels generally indicate lower financial risk and greater financial stability for the company. It may also imply that Duolingo has strong cash flows or access to other sources of funding that do not involve taking on debt.