Exelixis Inc (EXEL)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,263,910K
= 0.00
The debt-to-equity ratio of Exelixis Inc has consistently been 0.00 for the past several quarters, indicating that the company has not used any debt to finance its operations relative to its equity. This may suggest that Exelixis Inc relies more on equity financing, which could indicate a lower financial risk compared to companies with higher levels of debt. However, it is important to note that a zero debt-to-equity ratio may also point to potential missed opportunities for leveraging debt to potentially enhance returns for shareholders. In conclusion, Exelixis Inc's consistent 0.00 debt-to-equity ratio reflects its conservative financial strategy of relying predominantly on equity financing.
Peer comparison
Dec 31, 2023