Duolingo Inc (DUOL)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 824,550 | 655,501 | 542,078 | 513,056 | -80,691 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | — |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $824,550K
= 0.00
Duolingo Inc's debt-to-equity ratio has shown a consistent and significant improvement over the years. As of December 31, 2020, the company did not have any debt, resulting in a debt-to-equity ratio of "not applicable." Subsequently, for the years ending December 31, 2021, 2022, 2023, and 2024, the debt-to-equity ratio remained at 0.00. This indicates that the company has not taken on any debt relative to its equity during this period. A debt-to-equity ratio of 0.00 signifies that the company is entirely using equity to finance its operations and growth, which can be considered a conservative financial strategy, reducing financial risk and potential interest expenses.
Peer comparison
Dec 31, 2024