Progyny Inc (PGNY)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 756,620 | 726,512 | 681,537 | 649,724 | 542,986 | 510,444 | 462,876 | 415,525 | 358,065 | 336,682 | 312,075 | 294,588 | 253,927 | 202,051 | 177,554 | 180,145 | 150,434 | 72,551 |
| Debt-to-assets 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 |
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 has consistently been reported as 0.00 across all quarters presented. This implies that Progyny Inc has not utilized any debt to finance its assets during the periods in question. A debt-to-assets ratio of 0.00 suggests that the company has chosen to fund its operations and investments primarily through equity or retained earnings rather than taking on debt. This could indicate a strong financial position and a conservative approach to managing its capital structure, as the company is not reliant on borrowed funds to support its asset base. Investors and creditors may view a low or zero debt-to-assets ratio positively, as it indicates lower financial risk and potential for increased stability in the company's operations.
Peer comparison
Dec 31, 2023