Hims Hers Health Inc (HIMS)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 344,029 | 311,741 | 334,619 | -146,874 | -139,793 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | — | — |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $344,029K)
= 0.00
The debt-to-capital ratio for Hims Hers Health Inc has consistently been 0.00 for the years 2021, 2022, and 2023. This indicates that the company has not utilized debt as a source of capital during these years, implying a conservative financial strategy with minimal reliance on borrowed funds. However, the lack of data for the years 2020 and 2019 limits the trend analysis and understanding of the company's historical debt structure. Further information on the company's debt levels in those years would provide a more complete picture of its capital structure and financial risk management.