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
Long-term debt US$ in thousands 204,371 194,560 188,911 187,140 180,700 183,510 188,680 200,700 210,025
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
Debt-to-assets ratio 0.03 0.03 0.09 0.09 0.08 0.08 0.09 0.08 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.