Dynavax Technologies Corporation (DVAX)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 596,799 | 622,072 | 581,013 | 222,374 | 58,693 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $596,799K)
= 0.00
Based on the data provided, Dynavax Technologies Corporation has consistently maintained a debt-to-capital ratio of 0.00 from December 31, 2020, through December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has no debt in its capital structure, implying that it has been funding its operations and investments without relying on borrowed funds. This can be seen as a positive sign of financial strength and stability, as it suggests that the company is not exposed to the risks associated with debt obligations. Investors and creditors may view a low or zero debt-to-capital ratio favorably as it signifies a lower financial risk profile for the company.
Peer comparison
Dec 31, 2024