Gilead Sciences Inc (GILD)

Debt-to-assets ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	23,189,000	23,189,000	21,209,000	22,956,000	22,957,000	22,953,000	25,195,000	25,183,000	25,179,000	25,175,000	27,914,000	27,907,000	28,645,000	27,792,000	21,103,000	22,098,000	22,094,000	22,090,000	24,084,000	24,080,000
Total assets	US$ in thousands	62,125,000	62,373,000	62,337,000	61,876,000	63,171,000	62,557,000	62,870,000	63,080,000	67,952,000	67,098,000	67,984,000	67,492,000	68,407,000	60,878,000	55,934,000	59,741,000	61,627,000	59,146,000	63,210,000	62,837,000
Debt-to-assets ratio		0.37	0.37	0.34	0.37	0.36	0.37	0.40	0.40	0.37	0.38	0.41	0.41	0.42	0.46	0.38	0.37	0.36	0.37	0.38	0.38

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. has been relatively stable around the range of 0.40 to 0.42 over the past eight quarters. This indicates that, on average, the company has been financing approximately 40% to 42% of its assets with debt during this period.

A debt-to-assets ratio of less than 1 suggests that Gilead Sciences has more assets than debt, which can be considered a positive sign as it indicates lower financial risk. However, the slight increase in the ratio from 0.40 in Q4 2022 to 0.42 in Q2 2022 and Q1 2022 could imply that the company has taken on slightly more debt relative to its assets in those quarters.

Overall, the consistent range of the debt-to-assets ratio around 0.40 to 0.42 indicates that Gilead Sciences has been maintaining a prudent balance between debt and assets in its capital structure, which is important for financial stability and long-term sustainability. Further analysis of the company's financial health and performance alongside other key financial ratios would provide a more comprehensive assessment.