Incyte Corporation (INCY)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 5,444,320 | 5,012,430 | 7,135,600 | 6,782,110 | 6,388,240 | 6,208,260 | 5,797,620 | 5,840,980 | 5,510,210 | 5,319,040 | 5,054,220 | 4,933,350 | 4,198,830 | 3,904,620 | 3,661,440 | 3,560,920 | 3,307,430 | 3,212,320 | 2,752,420 | 3,426,750 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $5,444,320K
= 0.00
The debt-to-assets ratio for Incyte Corporation has consistently remained at 0.00 from December 31, 2019, up to December 31, 2024. This indicates that the company has not relied on debt to finance its assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's total liabilities are relatively low or non-existent in relation to its total assets. This can be seen as a positive indicator of the company's financial stability and strength, as it suggests that the company has a low level of financial risk and is not heavily leveraged. Overall, a consistent ratio of 0.00 over several periods reflects a prudent financial management strategy by Incyte Corporation in terms of maintaining a strong balance sheet position with minimal debt obligations.
Peer comparison
Dec 31, 2024