Incyte Corporation (INCY)

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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	18,080	17,862	17,647
Total assets	US$ in thousands	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	3,214,820	2,947,630	2,754,160
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	0.01	0.01	0.01

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,782,110K
= 0.00

Incyte Corp.'s debt-to-assets ratio has remained consistently low, hovering around 0.01 for the past eight quarters. This indicates that the company has been successful in managing its debt levels relative to its total assets. A low debt-to-assets ratio suggests that the company relies more on equity financing rather than debt financing, which can be seen as a positive indicator of financial health and stability. Overall, Incyte Corp. appears to have a strong balance sheet with a conservative approach to debt management.