Progyny Inc (PGNY)
Debt-to-capital 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 | 553,429 | 376,968 | 251,822 | 166,947 | 114,271 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $553,429K)
= 0.00
Progyny Inc has consistently maintained a debt-to-capital ratio of 0.00 over the past five years (from 2019 to 2023). This indicates that the company has not utilized any debt in its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that Progyny relies solely on equity financing to fund its operations and investments, reflecting a conservative financial strategy. While a zero debt-to-capital ratio can signify financial stability and lower financial risk, it may also indicate missed opportunities for leveraging debt to potentially enhance returns. Further analysis of Progyny's capital structure and overall financial health is warranted to fully assess the implications of its consistently low debt-to-capital ratio.
Peer comparison
Dec 31, 2023