Innoviva Inc (INVA)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,301,060 | 1,243,510 | 1,231,500 | 926,395 | 999,570 |
| Total stockholders’ equity | US$ in thousands | 691,159 | 674,955 | 565,788 | 414,743 | 539,912 |
| Financial leverage ratio | 1.88 | 1.84 | 2.18 | 2.23 | 1.85 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,301,060K ÷ $691,159K
= 1.88
The financial leverage ratio of Innoviva Inc has shown some fluctuations over the past five years. It increased from 1.85 in December 2020 to 2.23 in December 2021, indicating an increase in the company's reliance on debt to finance its operations. However, by December 2023, the ratio decreased to 1.84, suggesting a reduction in the level of debt relative to equity.
In December 2024, the financial leverage ratio slightly increased to 1.88, indicating a small uptick in the company's debt levels compared to the previous year. Overall, the trend in the financial leverage ratio of Innoviva Inc reflects some variability in its capital structure and financing decisions over the years analyzed.
Peer comparison
Dec 31, 2024