Vir Biotechnology Inc (VIR)
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 | 1,919,060 | 2,802,090 | 1,954,270 | 918,761 | 512,071 |
| 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 ÷ $1,919,060K
= 0.00
The debt-to-assets ratio of Vir Biotechnology Inc has consistently been 0.00 for the past five years, indicating that the company has not relied on debt to finance its operations or acquisitions during this period. A debt-to-assets ratio of 0.00 signifies that the company's total debt is zero in relation to its total assets, suggesting a strong financial position with no significant debt obligations. This may imply that the company has been able to fund its operations, investments, and growth primarily through equity financing or internally generated funds rather than borrowing. However, it is important to note that while a low or zero debt-to-assets ratio is generally considered favorable, it may also indicate a missed opportunity to leverage debt to potentially enhance returns on equity. Further analysis of the company's capital structure and financial strategies would be necessary to fully evaluate the implications of this consistent ratio.
Peer comparison
Dec 31, 2023