Exelixis Inc (EXEL)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,263,910K
= 0.00
The debt-to-equity ratio of Exelixis Inc has remained at 0.00 for the past five years, indicating that the company has not utilized any debt to finance its operations during this period. A debt-to-equity ratio of 0.00 implies that the company's capital structure is entirely equity-funded, which can reduce financial risk and interest expenses. However, a consistently low debt-to-equity ratio may also suggest that the company is not taking advantage of leverage to potentially amplify returns. It would be important to consider the reasons behind Exelixis Inc's decision to maintain a debt-free capital structure and assess the implications for its long-term financial strategy and growth prospects.
Peer comparison
Dec 31, 2023