Duolingo Inc (DUOL)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 711,052 | 655,501 | 614,819 | 596,405 | 565,188 | 542,078 | 533,826 | 528,219 | 520,714 | 513,056 | 510,731 | -93,777 |
| Debt-to-equity ratio | 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $711,052K
= 0.00
Based on the provided data, Duolingo Inc has consistently maintained a debt-to-equity ratio of 0.00 for each reporting period listed. This indicates that the company has not utilized debt financing to fund its operations and has relied solely on equity to finance its activities. A debt-to-equity ratio of 0.00 signifies that the company's financial structure is debt-free, which can be seen as a positive indicator of financial stability and lower financial risk. It suggests that Duolingo Inc may have a strong balance sheet with no debt obligations, which can provide the company with greater flexibility and resilience, especially during economic uncertainties. However, it is important to note that while a zero debt-to-equity ratio can be favorable, it may also indicate limited leverage and potential missed opportunities for growth through strategic debt utilization.
Peer comparison
Mar 31, 2024