Gilead Sciences Inc (GILD)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	23,189,000	22,957,000	25,179,000	28,645,000	22,094,000
Total assets	US$ in thousands	62,125,000	63,171,000	67,952,000	68,407,000	61,627,000
Debt-to-assets ratio		0.37	0.36	0.37	0.42	0.36

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $23,189,000K ÷ $62,125,000K
= 0.37

The debt-to-assets ratio of Gilead Sciences, Inc. remained relatively stable at around 0.40 in both 2023 and 2022. This indicates that for every dollar of assets the company owns, it finances 40 cents with debt. The consistency in this ratio suggests a prudent approach to managing its debt levels relative to its total assets. In comparison to 2021 and 2019, where the ratio was slightly lower at 0.39 and 0.40 respectively, there was a slight increase in 2020 to 0.46. This may indicate a temporary increase in the company's reliance on debt to finance its assets in 2020, which they subsequently managed to bring back to more stable levels in the following years.