Exelixis Inc (EXEL)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,263,910 | 2,347,620 | 2,527,940 | 2,555,140 | 2,488,430 | 2,491,400 | 2,391,260 | 2,293,850 | 2,210,620 | 2,112,450 | 2,043,080 | 1,911,190 | 1,879,110 | 1,852,030 | 1,833,320 | 1,747,650 | 1,685,970 | 1,603,720 | 1,488,630 | 1,385,020 |
| Debt-to-capital 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-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 been recorded as 0.00 across multiple quarters, indicating that the company has not used any debt to finance its operations relative to its capital structure. This suggests that Exelixis Inc has relied on equity financing rather than debt financing to fund its operations and investments. It also implies that the company has a conservative capital structure with a low level of financial leverage, which may indicate a lower risk of financial distress due to debt obligations. However, it is important to note that a low debt-to-capital ratio may also limit potential returns on equity for shareholders. Further analysis of the company's financial statements and overall financial health is necessary to gain a comprehensive understanding of its capital structure and financial strategy.
Peer comparison
Dec 31, 2023