Grid Dynamics Holdings Inc (GDYN)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 592,192 | 435,165 | 411,146 | 256,719 | 167,135 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $592,192K
= 0.00
The debt-to-assets ratio for Grid Dynamics Holdings Inc remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company did not have any debt obligations relative to its total assets during this period. A debt-to-assets ratio of 0.00 typically suggests that the company is not relying on debt financing to support its operations and may be funding its activities primarily through equity. This could imply a strong financial position with lower financial risk as the company does not have outstanding debt that may need to be repaid. Investors and creditors may view a low or zero debt-to-assets ratio positively as it signifies a healthy balance sheet and good financial management.
Peer comparison
Dec 31, 2024