Incyte Corporation (INCY)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 5,444,320 | 6,782,110 | 5,840,980 | 4,933,350 | 3,560,920 |
| Total stockholders’ equity | US$ in thousands | 3,447,630 | 5,189,840 | 4,370,120 | 3,770,000 | 2,611,270 |
| Financial leverage ratio | 1.58 | 1.31 | 1.34 | 1.31 | 1.36 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,444,320K ÷ $3,447,630K
= 1.58
The financial leverage ratio for Incyte Corporation has shown some fluctuations over the years. It decreased from 1.36 in December 2020 to 1.31 in December 2021, indicating a reduction in the company's reliance on debt financing. However, the ratio slightly increased to 1.34 in December 2022 before dropping back to 1.31 in December 2023. Notably, there was a significant spike in the ratio to 1.58 in December 2024, suggesting a higher level of financial risk due to increased debt in the company's capital structure. Overall, the trend in Incyte Corporation's financial leverage ratio signals a varying level of leverage and highlights the importance of closely monitoring the company's debt levels in relation to its equity.
Peer comparison
Dec 31, 2024