Progyny Inc (PGNY)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 553,429 | 515,393 | 469,499 | 424,401 | 376,968 | 346,856 | 311,024 | 279,619 | 251,822 | 224,113 | 204,541 | 184,618 | 166,947 | 125,886 | 118,710 | 119,492 | 114,271 | -91,250 |
| Debt-to-capital 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 | — |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $553,429K)
= 0.00
The debt-to-capital ratio for Progyny Inc has consistently been 0.00 for all quarters from Q1 2022 to Q4 2023. This indicates that the company has not utilized any debt to finance its operations relative to its total capital during this period. A debt-to-capital ratio of 0.00 implies that Progyny Inc's capital structure is entirely equity-based, with no debt obligations impacting its financial position. This suggests that the company may have a strong financial position with minimal financial risk associated with debt repayment. However, it is important to note that a low debt-to-capital ratio could also mean missed opportunities for leveraging debt for potential growth or tax benefits. Further analysis of the company's overall financial health and strategic decisions would provide a more comprehensive understanding of its financial structure and risk management.
Peer comparison
Dec 31, 2023