Dynavax Technologies Corporation (DVAX)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.65 | 1.60 | 1.70 | 4.67 | 6.02 |
Dynavax Technologies Corporation has consistently maintained a strong solvency position, as indicated by its low debt-to-assets, debt-to-capital, and debt-to-equity ratios, all of which have remained at 0.00 over the five-year period from December 31, 2020, to December 31, 2024. This signifies that the company has minimal reliance on debt to finance its operations and investments.
Furthermore, the financial leverage ratio has shown a significant improvement over the same period, decreasing from 6.02 in 2020 to 1.65 in 2024. A declining trend in the financial leverage ratio suggests that the company has reduced its reliance on debt financing relative to its equity, resulting in a stronger financial position and lower financial risk.
Overall, the solvency ratios of Dynavax Technologies Corporation indicate a solid financial foundation with a prudent debt management strategy, which bodes well for its stability and ability to meet its financial obligations in the long term.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 5.54 | 0.35 | 44.72 | 7.94 | -2.95 |
The interest coverage ratio for Dynavax Technologies Corporation has fluctuated significantly over the years. As of December 31, 2020, the company's interest coverage ratio was negative at -2.95, indicating that the company was not generating enough operating income to cover its interest expenses. However, the situation improved dramatically by December 31, 2022, with an interest coverage ratio of 44.72, suggesting a strong ability to meet interest obligations comfortably.
Despite the improvement in 2022, the ratio dropped substantially to 0.35 by December 31, 2023, raising concerns about the company's ability to cover its interest payments with its operating income. However, by December 31, 2024, the interest coverage ratio recovered to 5.54, showing an improvement from the previous year but still below the ideal level.
Overall, Dynavax Technologies Corporation experienced fluctuations in its interest coverage ratio over the years, indicating varying levels of financial health and ability to service its debt obligations. This highlights the importance of closely monitoring and managing interest coverage to ensure financial stability and sustainability.