Exelixis Inc (EXEL)
Debt-to-assets 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 2,942,360 | 2,976,910 | 3,142,470 | 3,143,360 | 3,071,490 | 2,961,370 | 2,881,400 | 2,654,120 | 2,616,240 | 2,447,740 | 2,367,270 | 2,190,540 | 2,137,330 | 2,111,040 | 2,046,550 | 1,955,600 | 1,885,670 | 1,784,860 | 1,643,100 | 1,541,790 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
Exelixis Inc has consistently reported a debt-to-assets ratio of 0.00 over the past few years, indicating that the company has not relied on debt to finance its operations and investments. A debt-to-assets ratio of 0.00 implies that the company's assets are entirely financed by equity rather than debt, which can be viewed positively by investors and creditors as it suggests a low risk of financial distress due to debt obligations. However, it is important to note that a very low debt-to-assets ratio may also mean missed opportunities for leveraging debt for potential growth or tax benefits. Overall, Exelixis Inc's consistent 0.00 debt-to-assets ratio reflects a conservative approach to capital structure management.
Peer comparison
Dec 31, 2023