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.