Progyny Inc (PGNY)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 607,102 | 659,972 | 698,632 | 794,304 | 756,620 | 726,512 | 681,537 | 649,724 | 542,986 | 510,444 | 462,876 | 415,525 | 358,065 | 336,682 | 312,075 | 294,588 | 253,927 | 202,051 | 177,554 |
| Total stockholders’ equity | US$ in thousands | 422,062 | 434,876 | 456,193 | 571,604 | 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 |
| Financial leverage ratio | 1.44 | 1.52 | 1.53 | 1.39 | 1.37 | 1.41 | 1.45 | 1.53 | 1.44 | 1.47 | 1.49 | 1.49 | 1.42 | 1.50 | 1.53 | 1.60 | 1.52 | 1.61 | 1.50 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $607,102K ÷ $422,062K
= 1.44
The financial leverage ratio of Progyny Inc has exhibited fluctuations over the period from June 30, 2020, to December 31, 2024. The ratio started at a level of 1.50 on June 30, 2020, increased to 1.61 by September 30, 2020, and then slightly decreased to 1.52 by December 31, 2020.
Subsequently, the ratio saw further variations, reaching 1.60 on March 31, 2021, then declining to 1.53 by June 30, 2021, and further to 1.50 by September 30, 2021. This trend continued with fluctuations around the 1.50 level until the end of 2022, with some minor deviations during this period.
The ratio dipped to 1.37 by December 31, 2023, but then rebounded to 1.53 by March 31, 2024, before experiencing a decrease to 1.45 by June 30, 2024. It increased again to 1.52 by September 30, 2024, and then decreased once more to 1.44 by December 31, 2024.
Overall, the financial leverage ratio of Progyny Inc has shown variability, indicating changes in the company's capital structure and debt levels during the analyzed period. These fluctuations in the ratio may imply shifts in the company's risk profile and the extent to which it relies on debt to finance its operations.
Peer comparison
Dec 31, 2024