Progyny Inc (PGNY)

Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $553,429K
= 0.00

The debt-to-equity ratio for Progyny Inc has remained consistently at 0.00 for each quarter from Q1 2022 to Q4 2023. A debt-to-equity ratio of 0.00 indicates that the company has no debt or has a very minimal amount of debt relative to its equity. This suggests that Progyny Inc has been relying more on equity financing rather than debt financing to fund its operations and growth. Having a low or zero debt-to-equity ratio can be viewed positively by investors and lenders as it signifies a lower financial risk and a stronger financial position. However, it's important to assess other financial metrics and factors to gain a holistic understanding of the company's financial health and performance.


Peer comparison

Dec 31, 2023

Company name
Symbol
Debt-to-equity ratio
Progyny Inc
PGNY
0.00
DaVita HealthCare Partners Inc
DVA
0.00
Sotera Health Co
SHC
5.01