Innoviva Inc (INVA)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,301,060 | 1,243,510 | 1,231,500 | 926,395 | 999,570 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,301,060K
= 0.00
Based on the provided data, Innoviva Inc has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used debt to finance its assets during this period, implying a low financial risk associated with debt obligations. However, it is essential to note that a debt-to-assets ratio of 0.00 may suggest a conservative financial strategy, as the company may be missing out on potential tax benefits associated with debt financing. Overall, Innoviva Inc's debt-to-assets ratio demonstrates a strong financial position with minimal reliance on debt to support its asset base.
Peer comparison
Dec 31, 2024