Hims Hers Health Inc (HIMS)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | — | — |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $344,029K
= 0.00
Based on the data provided, Hims Hers Health Inc has consistently reported a debt-to-equity ratio of 0.00 for the years 2021, 2022, and 2023. This indicates that the company has not relied on debt to finance its operations during these years and instead has primarily used equity to fund its activities. However, it is worth noting that the data for the years 2020 and 2019 are missing, making it difficult to analyze the trend over a longer period. A consistent debt-to-equity ratio of 0.00 may suggest a conservative approach to capital structure, where the company prefers to maintain a low level of debt relative to equity. Further analysis of the missing data would provide a more complete picture of the company's historical financial leverage.