Exelixis Inc (EXEL)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	—	—	—	—	—
Total assets	US$ in thousands	2,942,360	3,071,490	2,616,240	2,137,330	1,885,670
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,942,360K
= 0.00

The debt-to-assets ratio for Exelixis Inc has consistently been reported as 0.00 for the five most recent fiscal years ending on December 31, from 2019 to 2023. This signifies that the company has not utilized any debt financing to fund its operations during these years and has relied solely on equity financing to support its assets. A debt-to-assets ratio of 0.00 suggests that Exelixis Inc has a strong financial position with no financial leverage, indicating a lower risk of financial distress due to debt obligations. This may be perceived positively by investors and creditors as it demonstrates financial stability and sound management of capital structure. However, it is important to consider potential limitations of this ratio in providing a comprehensive assessment of the company's financial health, such as the impact of off-balance sheet financing or the need to evaluate other financial metrics in conjunction with the debt-to-assets ratio for a more holistic analysis.