Innoviva Inc (INVA)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,054,680 | 668,542 | 665,515 | 703,681 | 674,955 | 627,493 | 555,087 | 561,493 | 565,788 | 641,368 | 388,337 | 386,642 | 414,743 | 402,811 | 329,780 | 634,461 | 539,912 | 485,556 | 456,907 | 379,543 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,054,680K)
= 0.00
The debt-to-capital ratio of Innoviva Inc remained consistently at 0.00% across all reporting periods from March 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, or that its debt is negligible compared to its total capital. This suggests that Innoviva Inc relies more on equity financing than debt financing for its operations and investments. It also signifies a low financial risk associated with debt obligations and interest payments, potentially strengthening the company's financial position and stability.
Peer comparison
Dec 31, 2024