Dynavax Technologies Corporation (DVAX)

Debt-to-capital 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 stockholders’ equity US$ in thousands 622,072 604,916 577,205 563,732 581,013 500,576 422,799 287,484 222,374 67,576 83,380 99,762 58,693 69,284 58,295 11,824 8,290 39,156 10,588 43,159
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.77 0.73 0.64 0.75 0.72 0.76 0.94 0.96 0.82 0.94 0.80

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $622,072K)
= 0.00

The debt-to-capital ratio of Dynavax Technologies Corp. has shown a decreasing trend over the past eight quarters, starting at 0.43 in Q1 2022 and decreasing to 0.26 in Q4 2023. This suggests that the company has been reducing its reliance on debt to finance its operations and growth, moving towards a more equity-funded capital structure. The decreasing trend in the debt-to-capital ratio indicates improving financial health and reduced financial risk for the company. It is important for investors and stakeholders to monitor this trend to assess the company's ability to manage its debt obligations and maintain a sustainable capital structure.