Exelixis Inc (EXEL)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| 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 |
| Financial leverage ratio | 1.31 | 1.30 | 1.31 | 1.32 | 1.30 | 1.27 | 1.24 | 1.23 | 1.23 | 1.19 | 1.20 | 1.16 | 1.18 | 1.16 | 1.16 | 1.15 | 1.14 | 1.14 | 1.12 | 1.12 |
Exelixis Inc's solvency ratios indicate a strong financial position with consistently low debt levels in relation to its assets, capital, and equity. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all remained at 0.00 over the analyzed periods, indicating that the company operates with minimal debt relative to its resources.
The Financial leverage ratio, which measures the extent of a company's financial leverage, shows a slight increase from 1.12 in March 2020 to 1.31 in December 2024. However, the ratio remains relatively low, indicating that Exelixis Inc relies more on equity financing than debt to support its operations and growth.
Overall, Exelixis Inc's solvency ratios suggest a stable and healthy financial position, with a conservative approach towards leveraging debt to support its business activities.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | 19.89 | 14.05 | 6.52 | 3.25 | 1.09 | 3.00 | 2.83 | 7.34 | 22.71 | 50.61 | 205.55 | — | — | — | — | — | — | — | — |
Exelixis Inc's interest coverage ratio has shown fluctuating values over the period from March 31, 2020, to December 31, 2024. The interest coverage ratio reflects the company's ability to meet its interest payments on outstanding debt based on its operating income.
There is a significant improvement in the interest coverage ratio from March 31, 2022, to December 31, 2024. The ratio has increased from 205.55 to 19.89, indicating a positive trend in the company's ability to cover its interest expenses with its operating income.
However, it is important to note that there are missing values (denoted as "—") for the interest coverage ratio in several periods, which makes it challenging to analyze the consistent performance of Exelixis Inc in meeting its interest obligations during those specific quarters.
Overall, the recent trends suggest that Exelixis Inc has managed to enhance its ability to cover interest expenses, which is a favorable indication of the company's financial stability and operational efficiency.