Incyte Corporation (INCY)
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 | — | — | — | — | — |
| Total assets | US$ in thousands | 6,782,110 | 5,840,980 | 4,933,350 | 3,560,920 | 3,426,750 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,782,110K
= 0.00
The debt-to-assets ratio for Incyte Corp. has remained consistently low over the past five years, ranging from 0.00 to 0.01. This indicates that the company has a minimal level of debt relative to its total assets. A low debt-to-assets ratio suggests that Incyte Corp. relies more on equity financing rather than debt to fund its operations and growth. This conservative approach to financing can be viewed positively by investors and creditors as it indicates lower financial risk and potential stability in the company's financial position. Overall, the trend of a consistently low debt-to-assets ratio reflects a strong financial position and prudent capital structure management by Incyte Corp.
Peer comparison
Dec 31, 2023