Protagonist Therapeutics Inc (PTGX)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 357,951 | 247,928 | 347,695 | 324,468 | 154,917 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $357,951K
= 0.00
The debt-to-assets ratio of Protagonist Therapeutics Inc has consistently remained at 0.00 over the past five years, indicating that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 means that the company's assets are entirely funded by equity rather than debt. This implies that the company has a strong financial position with a low level of financial risk associated with debt obligations. However, it is also important to note that a zero debt-to-assets ratio may limit the company's ability to leverage debt for potential growth opportunities or tax benefits.
Peer comparison
Dec 31, 2023