Progyny Inc (PGNY)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $553,429K
= 0.00
The debt-to-equity ratio of Progyny Inc has been consistently at 0.00 for the past five years, from 2019 to 2023. This implies that the company has not used any debt to finance its operations and growth, relying solely on equity to fund its activities. A debt-to-equity ratio of 0.00 indicates that there is no financial leverage present, which may suggest a conservative financial strategy or strong financial position with low debt obligations relative to equity. However, it is important to note that a low debt-to-equity ratio may also indicate missed opportunities for leveraging debt for potential growth or tax advantages. Overall, Progyny Inc's consistent 0.00 debt-to-equity ratio over the years reflects a deliberate capital structure decision that should be further analyzed in conjunction with other financial metrics to assess the company's financial stability and growth prospects effectively.
Peer comparison
Dec 31, 2023