Dynavax Technologies Corporation (DVAX)

Debt-to-assets ratio

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Long-term debt US$ in thousands — — — — — — — — 0 220,223 219,959 179,889 179,811 179,733 179,656 179,583 178,601 177,615 176,636 175,673
Total assets US$ in thousands 997,096 972,933 936,432 969,922 985,850 999,337 1,023,000 1,008,980 1,039,250 919,711 647,909 490,119 353,272 353,395 329,314 259,256 279,068 301,015 267,081 296,600
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.24 0.34 0.37 0.51 0.51 0.55 0.69 0.64 0.59 0.66 0.59

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $997,096K
= 0.00

The debt-to-assets ratio of Dynavax Technologies Corp. has been relatively stable over the past eight quarters, ranging between 0.22 and 0.24. This indicates that the company finances a modest portion of its assets through debt, with approximately 22% to 24% of its total assets being funded by debt across the periods analyzed. The consistency of this ratio suggests that Dynavax Technologies Corp. has maintained a balanced approach to capital structure and has not significantly increased its reliance on debt financing. Additionally, the ratio generally remains below 0.25, indicating a relatively low level of financial risk associated with debt obligations compared to the total value of the company's assets. Overall, the historical trend of the debt-to-assets ratio for Dynavax Technologies Corp. reflects a prudent and stable approach to managing its debt levels in relation to its asset base.