Exelixis Inc (EXEL)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,263,910 | 2,488,430 | 2,210,620 | 1,879,110 | 1,685,970 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,263,910K)
= 0.00
The debt-to-capital ratio for Exelixis Inc has consistently remained at 0.00 over the past five years, indicating that the company has not used any debt to finance its operations relative to its total capital. This suggests that Exelixis Inc has been primarily relying on equity to fund its activities, which may indicate a conservative financial strategy and a lower risk of financial distress. However, it is important to consider that a very low debt-to-capital ratio could also mean missed opportunities to leverage debt financing for potential growth or tax benefits. Overall, a debt-to-capital ratio of 0.00 reflects a strong financial position with minimal reliance on debt for Exelixis Inc.
Peer comparison
Dec 31, 2023