Exelixis Inc (EXEL)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.31 | 1.30 | 1.23 | 1.18 | 1.14 |
Exelixis Inc has consistently maintained a strong solvency position over the years, as indicated by its low debt-to-assets, debt-to-capital, and debt-to-equity ratios all being at 0.00 from 2020 to 2024. This suggests that the company has minimal debt relative to its total assets, capital, and equity, indicating a low financial risk and a healthy balance sheet structure.
Additionally, the financial leverage ratio has shown a slight increase from 1.14 in 2020 to 1.31 in 2024. This indicates that while the company has increased its financial leverage slightly over the years, it still remains at a moderate level, which may be strategic for financing growth opportunities without significantly increasing financial risk.
Overall, Exelixis Inc's solvency ratios demonstrate a stable and prudent financial management approach, with a focus on maintaining a strong financial position and managing debt levels effectively to support long-term sustainability and growth.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | — | — | 3.75 | — | — |
The interest coverage ratio for Exelixis Inc provides insights into the company's ability to cover interest expenses with its earnings before interest and taxes (EBIT). For the year ended December 31, 2020, and December 31, 2021, the interest coverage ratio was not available (\u2014), indicating that the company's EBIT was insufficient to cover its interest expenses during those years.
However, by December 31, 2022, Exelixis Inc improved its interest coverage ratio to 3.75, suggesting that the company's earnings were 3.75 times greater than its interest expenses for that year. This signifies a positive development in the company's financial health, as a higher interest coverage ratio indicates a lower risk of financial distress due to interest payments.
For December 31, 2023, and December 31, 2024, the interest coverage ratio is not provided (\u2014), making it unclear how the company fared in those years regarding its ability to meet interest obligations. Overall, the trend in Exelixis Inc's interest coverage ratio demonstrates progress in managing interest expenses relative to earnings, although there is limited information available for certain periods.