Grid Dynamics Holdings Inc (GDYN)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $517,829K
= 0.00
Grid Dynamics Holdings Inc has consistently maintained a debt-to-equity ratio of 0.00 across all reported periods from March 31, 2020, to December 31, 2024. The ratio indicates that the company has not utilized debt as a source of financing and relies entirely on equity to fund its operations and growth. A debt-to-equity ratio of 0.00 suggests a conservative capital structure, with a low financial risk due to the absence of debt obligations that need to be serviced. This stable and low ratio indicates that the company has a strong equity base supporting its business activities, which can be favorable in terms of financial stability and flexibility.
Peer comparison
Dec 31, 2024