Exelixis Inc (EXEL)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,244,200 | 2,263,910 | 2,488,430 | 2,210,620 | 1,879,110 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,244,200K)
= 0.00
Exelixis Inc's debt-to-capital ratio has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This suggests that the company has not utilized debt significantly to finance its operations relative to its total capital structure during this period. A debt-to-capital ratio of 0.00 indicates that the company's capital structure is predominantly reliant on equity financing rather than debt. This may imply lower financial risk and interest expenses for the company, which could be seen as a positive indicator of financial stability and strength. However, it is important to note that a low debt-to-capital ratio may also constrain the company's growth opportunities or limit its ability to leverage debt for potential strategic investments or acquisitions. Additional analysis of the company's overall financial health and performance metrics would provide a more comprehensive understanding of Exelixis Inc's financial position.
Peer comparison
Dec 31, 2024