Incyte Corporation (INCY)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 5,444,320 | 5,012,430 | 7,135,600 | 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 |
| Total stockholders’ equity | US$ in thousands | 3,447,630 | 3,171,220 | 5,394,270 | 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 |
| Financial leverage ratio | 1.58 | 1.58 | 1.32 | 1.31 | 1.30 | 1.31 | 1.30 | 1.34 | 1.30 | 1.30 | 1.31 | 1.31 | 1.33 | 1.33 | 1.34 | 1.36 | 1.38 | 1.37 | 1.42 | 1.32 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $5,444,320K ÷ $3,447,630K
= 1.58
The financial leverage ratio of Incyte Corporation has shown relatively stable trends over the past few years, fluctuating between 1.30 and 1.58. This ratio measures the extent to which the company relies on debt financing to support its operations and is calculated by dividing total assets by total equity.
In general, a higher financial leverage ratio indicates a higher level of financial risk and potential volatility in the company's earnings. Incyte Corporation's ratio has seen some variability but has remained within a reasonable range, signaling that the company has maintained a balanced approach to its debt and equity structure.
The significant increase in the financial leverage ratio from 1.32 as of March 31, 2024, to 1.58 as of December 31, 2024, suggests a potential increase in the company's reliance on debt during that period. It would be essential for stakeholders to closely monitor this trend to ensure that the company's financial health and stability are not compromised.
Overall, Incyte Corporation's financial leverage ratio indicates a moderate level of leverage, which is a common strategy among companies in the industry. It is crucial for investors and analysts to consider this ratio in conjunction with other financial metrics to gain a comprehensive understanding of the company's overall financial position and risk profile.
Peer comparison
Dec 31, 2024