DigitalOcean Holdings, Inc.

DigitalOcean Holdings, Inc.verified

DOCN

Price:

$36.4

Market Cap:

$3.35B

DigitalOcean Holdings, Inc., through its subsidiaries, operates a cloud computing platform in North America, Europe, Asia, and internationally. Its platform provides on-demand infrastructure and platform tools for developers, start-ups, and small and medium size businesses. The company offers infrastructure solutions across compute, storage, and networking, as well as enables developers to extend the native capabilities of its cloud with fully managed application, container, and database offerings. Its users include software engineers, researchers, data scientists, system administrators, students, and hobbyists. The company's customers use its platform in various industry verticals and for a...[Read more]

Industry

Software - Infrastructure

IPO Date

2021-03-24

Stock Exchange

NYSE

Ticker

DOCN

The Current Ratio as of September 2024 (TTM) for DigitalOcean Holdings, Inc. (DOCN) is 2.47

According to DigitalOcean Holdings, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.47. This represents a change of -4.73% compared to the average of 2.59 of the last 4 quarters.

DigitalOcean Holdings, Inc. (DOCN) Historical Current Ratio (quarterly & annually)

How has DOCN Current Ratio performed in the past?

The mean historical Current Ratio of DigitalOcean Holdings, Inc. over the last ten years is 7.02. The current 2.47 Current Ratio has changed 3.42% with respect to the historical average. Over the past ten years (40 quarters), DOCN's Current Ratio was at its highest in in the December 2021 quarter at 30.39. The Current Ratio was at its lowest in in the March 2020 quarter at 0.

Quarterly (TTM)
Annual

Average

7.02

Median

2.18

Minimum

0.80

Maximum

30.39

DigitalOcean Holdings, Inc. (DOCN) Current Ratio by Quarter and Year

Discovering the peaks and valleys of DigitalOcean Holdings, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 1.64%

Maximum Annual Current Ratio = 30.39

Minimum Annual Increase = -81.04%

Minimum Annual Current Ratio = 0.80

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.61-54.69%
20225.76-81.04%
202130.391.64%
20201.75108.79%
20190.845.08%

DigitalOcean Holdings, Inc. (DOCN) Average Current Ratio

How has DOCN Current Ratio performed in the past?

The current Current Ratio of DigitalOcean Holdings, Inc. (DOCN) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

12.92

5-year avg

8.27

10-year avg

7.02

DigitalOcean Holdings, Inc. (DOCN) Current Ratio vs. Peers

How is DOCN’s Current Ratio compared to its peers?

DigitalOcean Holdings, Inc.’s Current Ratio is less than CrowdStrike Holdings, Inc. (0), greater than Zscaler, Inc. (1.81), greater than Okta, Inc. (1.04), greater than UiPath Inc. (1.83), less than MongoDB, Inc. (3.47), less than Cloudflare, Inc. (4.85), less than Palo Alto Networks, Inc. (3.51), greater than Splunk Inc. (0.84), greater than null (1.57),

CompanyCurrent RatioMarket cap
0$60.40B
1.81$23.70B
1.04$11.77B
1.83$6.85B
3.47$20.82B
4.85$25.99B
3.51$108.74B
0.84$26.44B
1.57$0

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