Progyny Inc (PGNY)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 756,620 | 542,986 | 358,065 | 253,927 | 150,434 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $756,620K
= 0.00
The debt-to-assets ratio for Progyny Inc for the past five years has consistently been 0.00, indicating that the company has not used any debt to finance its assets during this period. This suggests that Progyny Inc has been predominantly relying on equity financing to support its operations and investments. While a low or zero debt-to-assets ratio can indicate financial stability and a lower risk of default, it may also suggest a missed opportunity to leverage debt to potentially enhance returns or accelerate growth. Investors and stakeholders may view this ratio favorably in terms of financial risk, but they may also consider whether the company could benefit from a more balanced capital structure to optimize its financial performance in the future.
Peer comparison
Dec 31, 2023