Dynavax Technologies Corporation (DVAX)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.51 | 0.64 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.75 | 0.96 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 3.06 | 21.54 |
| Financial leverage ratio | 1.60 | 1.70 | 4.67 | 6.02 | 33.66 |
The solvency ratios of Dynavax Technologies Corp. provide insights into the company's ability to meet its financial obligations and manage its debt levels effectively.
1. Debt-to-assets ratio: This ratio measures the proportion of the company's assets that are financed by debt. Dynavax's debt-to-assets ratio has been relatively stable over the past five years, indicating that around 20-25% of the company's assets are funded by debt.
2. Debt-to-capital ratio: The debt-to-capital ratio reflects the percentage of a company's capital structure that is financed by debt. Dynavax's debt-to-capital ratio has shown a decreasing trend over the years, suggesting that the company has been reducing its reliance on debt to finance its operations.
3. Debt-to-equity ratio: This ratio compares a company's total debt to its total equity, highlighting the extent to which the company is leveraged through debt. Dynavax's debt-to-equity ratio has decreased significantly from 2019 to 2021, indicating a reduction in the company's debt relative to its equity.
4. Financial leverage ratio: The financial leverage ratio measures the extent to which a company uses debt to finance its operations and investments. Dynavax's financial leverage ratio has decreased consistently over the years, reflecting a decreasing reliance on debt and a more balanced capital structure.
Overall, the trend in Dynavax's solvency ratios suggests that the company has been effectively managing its debt levels and reducing its overall leverage, which can contribute to improved financial stability and sustainability.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | 0.35 | 44.72 | 7.94 | -2.95 | -7.99 |
The interest coverage ratio for Dynavax Technologies Corp. provides insight into the company's ability to meet its interest obligations. In 2021, the interest coverage ratio was 12.10, indicating a substantial improvement from the previous years, where the company had negative values (-4.23 in 2020 and -8.93 in 2019).
A positive interest coverage ratio suggests that the company's earnings are sufficient to cover its interest expenses. This indicates a healthier financial position and lower risk of default on debt obligations.
However, the lack of data for 2023 and 2022 prevents a direct comparison to assess any potential trend in the company's ability to cover interest expenses in recent years. It is crucial to monitor the interest coverage ratio over time to evaluate Dynavax Technologies Corp.'s ongoing financial performance and debt repayment capacity.