Grid Dynamics Holdings Inc (GDYN)
Debt-to-capital 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 | 517,829 | 382,907 | 363,044 | 227,051 | 151,728 |
| Debt-to-capital ratio | 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 + $517,829K)
= 0.00
The debt-to-capital ratio of Grid Dynamics Holdings Inc has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt financing relative to its capital structure during this period. A debt-to-capital ratio of 0.00 implies that the company's capital is entirely sourced from equity rather than debt, signaling a low financial risk and potential for financial stability. It suggests that the company may have a strong financial position and be less vulnerable to risks associated with debt repayment obligations.
Peer comparison
Dec 31, 2024