Dynavax Technologies Corporation (DVAX)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.26 | 2.64 | 1.80 | 3.06 | 2.59 | 3.08 | 15.19 | 21.54 | 4.54 | 16.68 | 4.07 |
| Financial leverage ratio | 1.60 | 1.61 | 1.62 | 1.72 | 1.70 | 2.00 | 2.42 | 3.51 | 4.67 | 13.61 | 7.77 | 4.91 | 6.02 | 5.10 | 5.65 | 21.93 | 33.66 | 7.69 | 25.22 | 6.87 |
The solvency ratios of Dynavax Technologies Corp. provide insights into the company's ability to meet its long-term financial obligations.
The debt-to-assets ratio has remained relatively stable over the past few quarters, ranging from 0.22 to 0.24. This indicates that around 22% to 24% of the company's assets are financed by debt, suggesting a conservative approach to leveraging.
Meanwhile, the debt-to-capital ratio has been increasing gradually from 0.26 to 0.28, indicating that the company is relying slightly more on debt to finance its operations compared to its overall capital structure.
The debt-to-equity ratio has also shown an upward trend, moving from 0.36 to 0.39. This suggests that the company is relying more on debt in relation to equity for its financing needs, which could potentially increase financial risk.
Lastly, the financial leverage ratio has fluctuated significantly, from 1.60 to 1.72. The higher values indicate that the company is using more debt to support its operations, which can amplify returns on equity but also increase financial risk.
Overall, while Dynavax Technologies Corp. maintains a relatively low debt-to-assets ratio, the increasing debt-to-capital and debt-to-equity ratios signal a shift towards greater debt dependency, as reflected in the fluctuating financial leverage ratio. This may indicate a need for careful monitoring of the company's financial structure and debt management strategy to ensure long-term solvency and financial stability.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 0.36 | 10.28 | 17.70 | 36.28 | 44.72 | 49.60 | 35.89 | 14.44 | 7.94 | -1.78 | -0.72 | -2.28 | -3.59 | -4.39 | -5.27 | -6.13 | -7.94 | -9.78 | -11.99 | -14.01 |
Interest coverage is a financial ratio that indicates a company's ability to cover its interest expenses with its operating income. Dynavax Technologies Corp. did not report interest coverage data for Q1 2023, Q2 2023, Q3 2023, and Q4 2023. However, looking at the historical data, we can see that the interest coverage ratio has shown a positive trend over the quarters presented.
In Q1 2022, the interest coverage ratio was 17.42, which then increased to 44.94 in Q2 2022 and further improved to 95.79 in Q3 2022. This positive trend indicates that the company's operating income is sufficiently covering its interest expenses. A higher interest coverage ratio is generally preferred as it suggests a lower financial risk for the company in meeting its interest obligations.
Overall, Dynavax Technologies Corp. has shown a significant improvement in its ability to cover interest expenses over the quarters presented, which could be a positive sign for investors and creditors regarding the company's financial stability and ability to meet its debt obligations.