Arcus Biosciences Inc (RCUS)
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 | 1,095,000 | 1,345,000 | 1,592,000 | 772,292 | 203,110 |
| 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 ÷ $1,095,000K
= 0.00
The debt-to-assets ratio for Arcus Biosciences Inc over the past five years has consistently been 0.00, indicating that the company has been operating with no debt relative to its total assets during this period. A debt-to-assets ratio of 0.00 suggests that the company is primarily financing its operations and investments through equity rather than borrowing money. This could be seen as a positive indication of financial stability and a lower risk of default for the company, as it is not relying on debt to fund its activities. However, it is also important to consider the potential impact of a lack of debt on the company's ability to leverage financial instruments for growth and expansion opportunities.
Peer comparison
Dec 31, 2023