Corcept Therapeutics Incorporated (CORT)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 621,517 | 583,430 | 423,756 | 571,731 | 412,312 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $621,517K
= 0.00
The debt-to-assets ratio of Corcept Therapeutics Inc has remained consistently at 0.00 over the past five years, indicating that the company has not used debt to finance its assets during this period. A debt-to-assets ratio of 0.00 implies that the company's assets are entirely financed by equity, which may suggest a conservative financial strategy focused on minimizing financial risk and maintaining a strong balance sheet. It could also suggest that the company has had access to sufficient equity financing or internal cash flows to fund its operations and investments without resorting to debt. Overall, a stable debt-to-assets ratio of 0.00 indicates a financially stable and relatively low-risk profile for Corcept Therapeutics Inc.
Peer comparison
Dec 31, 2023