Progyny Inc (PGNY)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 607,102 | 756,620 | 542,986 | 358,065 | 253,927 |
| Total stockholders’ equity | US$ in thousands | 422,062 | 553,429 | 376,968 | 251,822 | 166,947 |
| Financial leverage ratio | 1.44 | 1.37 | 1.44 | 1.42 | 1.52 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $607,102K ÷ $422,062K
= 1.44
The financial leverage ratio for Progyny Inc has shown some fluctuations over the years. It decreased from 1.52 in December 31, 2020, to 1.42 in December 31, 2021, representing a decrease in the company's reliance on debt to finance its operations. Subsequently, the ratio slightly increased to 1.44 in December 31, 2022, before dropping again to 1.37 by December 31, 2023. It then rose back to 1.44 by December 31, 2024.
Overall, the trend suggests that Progyny Inc has been managing its financial leverage effectively, with the ratio fluctuating within a relatively narrow range over the years. This indicates a stable balance between debt and equity in the company's capital structure, which can be considered a positive sign for its financial health and risk management.
Peer comparison
Dec 31, 2024