Roivant Sciences Ltd (ROIV)

Debt-to-assets ratio

		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
Long-term debt	US$ in thousands	204,371	194,560	188,911	187,140	180,700	183,510	188,680	200,700	210,025	204,042	199,869	186,350
Total assets	US$ in thousands	7,222,480	7,312,680	2,065,540	2,136,650	2,389,600	2,202,960	2,215,530	2,600,400	2,585,130	2,799,380	3,102,910	2,454,700
Debt-to-assets ratio		0.03	0.03	0.09	0.09	0.08	0.08	0.09	0.08	0.08	0.07	0.06	0.08

March 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $204,371K ÷ $7,222,480K
= 0.03

The debt-to-assets ratio of Roivant Sciences Ltd has been relatively stable and low over the past few quarters, ranging from 0.03 to 0.09. This indicates that the company has a low level of debt compared to its total assets, suggesting a conservative approach to financing its operations.

The slight fluctuation in the ratio may be attributed to changes in the company's debt levels or asset composition during the respective periods. Overall, a low debt-to-assets ratio is generally viewed positively by investors and lenders as it signifies lower financial risk and a stronger ability to meet financial obligations. Roivant Sciences Ltd's consistent low debt-to-assets ratio points to prudent financial management and a solid balance sheet position.