Grid Dynamics Holdings Inc (GDYN)

Debt-to-equity 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-equity ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $517,829K
= 0.00

The debt-to-equity ratio for Grid Dynamics Holdings Inc has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt relative to its equity during this period. A low or zero debt-to-equity ratio is generally seen as a positive sign, as it suggests that the company is not relying heavily on debt to finance its operations and growth. Investors and creditors often view a low debt-to-equity ratio favorably, as it indicates a lower financial risk and a stronger financial position.