Grid Dynamics Holdings Inc (GDYN)
Debt-to-assets 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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 592,192 | 477,252 | 443,622 | 435,261 | 435,165 | 435,750 | 431,238 | 419,587 | 411,146 | 390,145 | 278,173 | 275,802 | 256,719 | 304,688 | 173,133 | 160,297 | 167,135 | 157,801 | 153,544 | 154,202 |
| Debt-to-assets 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 | 0.00 | 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 of Grid Dynamics Holdings Inc has consistently remained at 0.00 over the period from March 31, 2020, to December 31, 2024. This indicates that the company has not had any debt relative to its total assets during this time frame. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely financed by equity or that the company may not have borrowed any funds to support its operations or expansions.
A low or zero debt-to-assets ratio can be seen as a positive sign by investors and creditors as it suggests that the company is not highly leveraged and therefore may be less risky. However, it's essential to consider the overall financial health and operational efficiency of the company in conjunction with this ratio to gain a comprehensive understanding of its financial position and sustainability.
Peer comparison
Dec 31, 2024