Innoviva Inc (INVA)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,301,060 | 1,231,610 | 1,224,920 | 1,267,610 | 1,243,510 | 1,188,100 | 1,118,240 | 1,129,770 | 1,231,500 | 1,327,710 | 1,137,640 | 1,107,470 | 926,395 | 887,239 | 789,150 | 1,088,290 | 999,570 | 922,256 | 879,619 | 788,011 |
| Debt-to-assets 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 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,301,060K
= 0.00
The debt-to-assets ratio of Innoviva Inc has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt financing to fund its operations or investments, as the ratio signifies the proportion of a company's assets that are financed through debt. A debt-to-assets ratio of 0.00 typically suggests that the company is using equity or other sources of financing instead of borrowing funds. It also implies that the company has a strong financial position with minimal financial risk associated with debt. It is important to note that a low or zero debt-to-assets ratio may not necessarily be negative, especially if the company is able to generate sufficient returns on equity financing.
Peer comparison
Dec 31, 2024