Doximity (Doximity) Debt-to-Equity : 0.02 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Doximity Debt-to-Equity?

Doximity's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.1 Mil. Doximity's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $12.9 Mil. Doximity's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $864.6 Mil. Doximity's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Doximity's Debt-to-Equity or its related term are showing as below:

DOCS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 2.01
Current: 0.02

During the past 5 years, the highest Debt-to-Equity Ratio of Doximity was 2.01. The lowest was 0.00. And the median was 0.02.

DOCS's Debt-to-Equity is ranked better than
93.6% of 547 companies
in the Healthcare Providers & Services industry
Industry Median: 0.46 vs DOCS: 0.02

Doximity Debt-to-Equity Historical Data

The historical data trend for Doximity's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Doximity Debt-to-Equity Chart

Doximity Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

N/A

2.01

0.02

Doximity Quarterly Data
	Mar19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial												0.02	0.02	0.02	0.02	0.02

Competitive Comparison of Doximity's Debt-to-Equity

For the Health Information Services subindustry, Doximity's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Doximity's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Doximity's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Doximity's Debt-to-Equity falls into.

Doximity Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Doximity's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1.752	+	13.885)	/	966.116
	=	0.02

Doximity's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2.109	+	12.947)	/	864.614
	=	0.02

Doximity (NYSE:DOCS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Doximity Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Doximity's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Doximity (Doximity) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Doximity Inc (NYSE:DOCS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 3rd Street, Suite 510, San Francisco, CA, USA, 94107

Website

https://www.doximity.com

Doximity Inc is a digital platform for U.S. medical professionals. Its cloud-based platform provides members with tools specifically built for medical professionals, enabling them to collaborate with their colleagues, securely coordinate patient care, conduct virtual patient visits, stay up-to-date with the latest medical news and research, and manage their careers.

Executives

Kira Scherer Wampler	director	C/O DOXIMITY, INC., 500 3RD STREET, SUITE 510, SAN FRANCISCO CA 94107
Craig Overpeck	officer: See Remarks	C/O DOXIMITY, INC., 500 THIRD STREET, SUITE 510, SAN FRANCISCO CA 94107
Timothy S Cabral	director	C/O VEEVA SYSTEMS INC., 4280 HACIENDA DRIVE, PLEASANTON CA 94588
Anna Bryson	officer: Chief Financial Officer	C/O DOXIMITY, INC., 500 3RD STREET SUITE 510, SAN FRANCISCO CA 94107
Yang Watkin Phoebe L.	director	C/O DOXIMITY, INC., 500 THIRD STREET, SAN FRANCISCO CA 94107
Jeffrey Tangney	director, 10 percent owner, officer: Chief Executive Officer	C/O DOXIMITY, INC., 500 3RD STREET SUITE 510, SAN FRANCISCO CA 94107
Paul W. Jorgensen	officer: Chief Revenue Officer	500 THIRD STREET, SUITE 510, SAN FRANCISCO CA 94107
Gilbert H Kliman	director, 10 percent owner	C/O INTERWEST PARTNERS, 467 FIRST STREET SUITE 201, LOS ALTOS CA 94022
Emergence Capital Partners Ii Lp	10 percent owner	160 BOVET ROAD, SAN MATEO CA 94402
Emergence Equity Partners Ii, L.p.	10 percent owner	160 BOVET ROAD, SUITE 300, SAN MATEO CA 94402
Emergence Gp Partners, Llc	10 percent owner	PIER 5, THE EMBARCADERO, STE 102, SAN FRANCISCO CA 94111-2094
Kevin Spain	director	C/O EMERGENCE CAPITAL, 160 BOVET ROAD, STE. 300, SAN MATEO CA 94402
Emergence Capital Opportunity I, L.p.	10 percent owner	160 BOVET ROAD, SUITE 300, SAN MATEO CA 94402
Emergence Equity Partners Vi, L.p.	10 percent owner	C/O EMERGENCE CAPITAL PARTNERS, 160 BOVET ROAD, SUITE 300 CA SAN MATEO
Regina M. Benjamin	director	51 SAWYER ROAD, SUITE 200, WALTHAM MA 02453