Dynavax Technologies Corporation (DVAX)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 986,256 | 997,096 | 985,850 | 1,039,250 | 353,272 |
| Total stockholders’ equity | US$ in thousands | 596,799 | 622,072 | 581,013 | 222,374 | 58,693 |
| Financial leverage ratio | 1.65 | 1.60 | 1.70 | 4.67 | 6.02 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $986,256K ÷ $596,799K
= 1.65
The financial leverage ratio of Dynavax Technologies Corporation has shown a decreasing trend over the years, indicating a gradual improvement in the company's debt management. The ratio was 6.02 as of December 31, 2020, and decreased to 4.67 by December 31, 2021. Further reductions were observed in the following years, with the ratio reaching 1.70 as of December 31, 2022, 1.60 by December 31, 2023, and 1.65 by December 31, 2024.
This trend suggests that Dynavax Technologies Corporation has been effectively reducing its reliance on debt to finance its operations and investments. The decreasing financial leverage ratio is a positive indicator of the company's ability to meet its financial obligations and manage its debt effectively.
Peer comparison
Dec 31, 2024