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

Company name
Symbol
Debt-to-assets ratio
Progyny Inc
PGNY
0.00
DaVita HealthCare Partners Inc
DVA
0.00
Sotera Health Co
SHC
0.71