Incyte Corporation (INCY)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 5,189,840 | 4,931,450 | 4,740,690 | 4,462,570 | 4,370,120 | 4,226,650 | 4,085,060 | 3,863,070 | 3,770,000 | 3,148,660 | 2,935,860 | 2,727,840 | 2,611,270 | 2,390,830 | 2,344,600 | 1,937,720 | 2,598,410 | 2,422,530 | 2,247,190 | 2,085,570 |
| Debt-to-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $5,189,840K
= 0.00
The debt-to-equity ratio for Incyte Corp. has remained consistent at 0.01 for the past eight consecutive quarters, indicating that the company has a very low level of debt relative to its equity. This demonstrates a conservative capital structure, with a minimal reliance on debt financing, which can be seen as a positive attribute for investors concerned about financial risk. However, it is important to note that a very low debt-to-equity ratio may also suggest that the company is not taking full advantage of leverage to potentially boost returns. Overall, a stable and low debt-to-equity ratio can be seen as a sign of financial stability and prudent management by Incyte Corp.
Peer comparison
Dec 31, 2023