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.
Peer comparison
Dec 31, 2023