Innoviva Inc (INVA)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $691,159K
= 0.00
The debt-to-equity ratio of Innoviva Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has been entirely funded by equity rather than debt during this period. A debt-to-equity ratio of 0.00 implies that the company has no debt obligations in relation to its equity, portraying a low financial risk and a strong financial position. This stable ratio suggests that Innoviva Inc has been managing its capital structure efficiently and may have a conservative approach towards leverage. It indicates that the company has a lower likelihood of facing financial distress due to excessive debt levels and may have more financial flexibility to pursue growth opportunities or weather economic challenges.
Peer comparison
Dec 31, 2024