Progyny Inc (PGNY)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $422,062K
= 0.00
The debt-to-equity ratio for Progyny Inc over the five-year period from December 31, 2020, to December 31, 2024, remained consistently at 0.00. This indicates that the company has not utilized debt as a significant source of financing relative to its equity during this period. A debt-to-equity ratio of 0.00 suggests that the company's financial structure is either debt-free or that the amount of equity in the business far exceeds its debt obligations. While a low debt-to-equity ratio can imply lower financial risk and greater financial stability, it may also indicate missed opportunities for leveraging debt to potentially enhance returns for shareholders.
It seems that Progyny Inc has managed its capital structure in a conservative manner, relying more on equity financing or internal resources rather than taking on debt. This conservative approach may be a deliberate strategy by the company to maintain a strong financial position and solid balance sheet, which could be beneficial in times of economic uncertainty or volatility.
Peer comparison
Dec 31, 2024