Gilead Sciences Inc (GILD)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 58,995,000 | 62,125,000 | 63,171,000 | 67,952,000 | 68,407,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $58,995,000K
= 0.00
The debt-to-assets ratio for Gilead Sciences Inc has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt in relation to its total assets during this period. A debt-to-assets ratio of 0.00 suggests that Gilead Sciences Inc is primarily funding its operations and investments through equity rather than debt financing. This can be viewed positively as it implies a lower financial risk due to minimal reliance on debt obligations. It also signifies a strong financial position and stability in the company's capital structure, potentially enhancing its creditworthiness and ability to pursue growth opportunities.
Peer comparison
Dec 31, 2024