Incyte Corporation (INCY)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $3,447,630K
= 0.00
The debt-to-equity ratio for Incyte Corporation has consistently been 0.00 for the years 2020, 2021, 2022, 2023, and 2024. This indicates that the company has no financial leverage through debt and relies mainly on equity to finance its operations and activities. A debt-to-equity ratio of 0.00 signifies that the company's shareholders' equity fully covers its total debt, implying a strong financial position in terms of capital structure. Incyte Corporation's low debt-to-equity ratio may suggest a lower level of financial risk and potentially greater stability, as it is not heavily reliant on borrowed funds for its operations.
Peer comparison
Dec 31, 2024