Protagonist Therapeutics Inc (PTGX)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 744,725 | 357,951 | 247,928 | 347,695 | 324,468 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $744,725K
= 0.00
Based on the provided data, Protagonist Therapeutics Inc has consistently maintained a debt-to-assets ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company's assets are primarily funded by equity. This is generally considered a positive sign as it implies lower financial risk and may indicate financial stability. It could also indicate that the company has strong cash flows or sufficient internal resources to support its operations and investments without relying on external borrowing.
Peer comparison
Dec 31, 2024