Progyny Inc (PGNY)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 422,062 | 553,429 | 376,968 | 251,822 | 166,947 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $422,062K)
= 0.00
The debt-to-capital ratio for Progyny Inc has consistently been 0.00 for the years 2020, 2021, 2022, 2023, and 2024. This indicates that the company has not used any debt to finance its operations relative to its capital structure during these years. A low or zero debt-to-capital ratio is generally considered favorable as it suggests lower financial risk and less dependence on borrowing. Progyny Inc's stable and low debt-to-capital ratio reflects a conservative approach to capital structure management, which may contribute to financial stability and resilience in the long term.
Peer comparison
Dec 31, 2024