Innoviva Inc (INVA)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 691,159 | 674,955 | 565,788 | 414,743 | 539,912 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $691,159K)
= 0.00
The debt-to-capital ratio of Innoviva Inc has remained consistent at 0.00 from December 31, 2020, to December 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has no debt in its capital structure during these years. This can be seen as a positive sign as it shows that the company is not relying on debt financing to fund its operations or growth. However, it is important to note that a very low debt-to-capital ratio may also suggest that the company is not taking advantage of debt financing opportunities that could potentially enhance its returns. Overall, Innoviva Inc's consistent 0.00 debt-to-capital ratio reflects a strong financial position with minimal debt exposure over the analyzed period.
Peer comparison
Dec 31, 2024