Exelixis Inc (EXEL)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 2,947,690 | 2,942,360 | 3,071,490 | 2,616,240 | 2,137,330 |
| Total stockholders’ equity | US$ in thousands | 2,244,200 | 2,263,910 | 2,488,430 | 2,210,620 | 1,879,110 |
| Financial leverage ratio | 1.31 | 1.30 | 1.23 | 1.18 | 1.14 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,947,690K ÷ $2,244,200K
= 1.31
The financial leverage ratio of Exelixis Inc has been gradually increasing over the years. It stood at 1.14 as of December 31, 2020, and has shown an upward trend, reaching 1.31 by December 31, 2024. This indicates that the company's reliance on debt to finance its operations has been increasing steadily. A higher financial leverage ratio may imply higher financial risk as more debt is used to fund the company's activities. It is crucial for investors and stakeholders to monitor this trend closely to assess the company's ability to manage its debt levels effectively.
Peer comparison
Dec 31, 2024