Incyte Corporation (INCY)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,447,630 | 5,189,840 | 4,370,120 | 3,770,000 | 2,611,270 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $3,447,630K)
= 0.00
Based on the data provided for Incyte Corporation's debt-to-capital ratio from December 31, 2020, to December 31, 2024, the consistent ratio of 0.00 indicates that the company has not utilized any debt in relation to its capital during this period. This suggests that Incyte Corporation has funded its operations and growth primarily through equity financing rather than debt financing. A debt-to-capital ratio of 0.00 signifies a conservative financial structure with lower financial risk, as the company is not relying on borrowed funds to support its operations. It also indicates a strong financial position and potential financial flexibility, as there are no significant debt obligations impacting the capital structure. Despite the benefits of a low debt-to-capital ratio, it is important to consider factors such as the cost of capital, interest rates, and the company's growth strategy when evaluating the overall financial health and performance of Incyte Corporation.
Peer comparison
Dec 31, 2024