Grid Dynamics Holdings Inc (GDYN)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 517,829 | 400,247 | 388,449 | 382,811 | 382,907 | 372,924 | 366,562 | 359,885 | 363,044 | 350,838 | 232,925 | 231,252 | 227,051 | 275,566 | 143,012 | 140,247 | 151,728 | 150,005 | 145,977 | 144,430 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $517,829K)
= 0.00
Grid Dynamics Holdings Inc has consistently maintained a debt-to-capital ratio of 0.00% throughout the past several quarters as per the available data. This indicates that the company has not incurred any debt in relation to its capital structure during this period. A debt-to-capital ratio of 0.00% typically signifies that the company has financed its operations primarily using equity rather than debt. While a low or non-existent debt-to-capital ratio can indicate a strong financial position and lower financial risk, it is essential to consider other financial metrics and factors to fully assess the company's overall financial health and strategy.
Peer comparison
Dec 31, 2024