Vertex Pharmaceuticals Inc (VRTX)

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	22,533,200	22,730,200	18,150,900	13,432,500	11,751,800
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 ÷ $22,533,200K
= 0.00

The debt-to-assets ratio for Vertex Pharmaceuticals Inc has consistently remained at 0.00 from December 31, 2020, through December 31, 2024. This indicates that the company has not had any financial leverage in its capital structure during this period. A ratio of 0.00 means that the company has no debt in relation to its total assets. Vertex Pharmaceuticals Inc appears to have a strong financial position with no significant debt obligations, which can be viewed positively by investors and creditors as it signifies a lower level of financial risk.