Vir Biotechnology Inc (VIR)

Debt-to-assets ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands
Total assets US$ in thousands 1,398,810 1,919,060 2,802,090 1,954,270 918,761
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,398,810K
= 0.00

The debt-to-assets ratio of Vir Biotechnology Inc has remained consistently at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt as a source of financing relative to its total assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's total debt is equal to zero in relation to its total assets, reflecting a strong financial position with no financial leverage used to fund its operations and investments. This may suggest that Vir Biotechnology Inc has been relying on equity financing or generating sufficient internal funds to support its growth and operations, which can be seen as a positive sign for investors and creditors in terms of financial stability and risk management.