Innoviva Inc (INVA)

Financial leverage 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
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
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
Financial leverage ratio		1.23	1.84	1.84	1.80	1.84	1.89	2.01	2.01	2.18	2.07	2.93	2.86	2.23	2.20	2.39	1.72	1.85	1.90	1.93	2.08

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,301,060K ÷ $1,054,680K
= 1.23

The financial leverage ratio of Innoviva Inc has fluctuated over the years, indicating changes in the company's debt levels relative to its equity. The ratio shows a declining trend from March 31, 2020, to December 31, 2021, suggesting a decrease in debt compared to equity during this period. However, from March 31, 2022, onwards, the ratio starts to increase, indicating a higher level of debt relative to equity.

The highest financial leverage ratio recorded was 2.93 on June 30, 2022, while the lowest ratio was 1.23 on December 31, 2024. This variability in the ratio could imply changes in the company's capital structure, risk profile, or financial strategy over time.

Overall, monitoring the financial leverage ratio can provide insights into Innoviva Inc's ability to meet its financial obligations, assess its risk level, and evaluate its financial stability. Investors and stakeholders can use this ratio as a key indicator when analyzing the company's financial health and performance.