Vertex Pharmaceuticals Inc (VRTX)

Debt-to-assets ratio

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 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Long-term debt US$ in thousands
Total assets US$ in thousands 22,730,200 21,726,200 20,349,200 18,974,200 18,150,900 16,706,400 15,582,200 14,256,100 13,432,500 12,618,700 12,221,700 12,115,100 11,751,800 11,301,600 10,216,400 8,893,200 8,318,460 7,514,550 7,033,470 6,543,110
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $22,730,200K
= 0.00

The debt-to-assets ratio of Vertex Pharmaceuticals, Inc. has remained consistently low over the past eight quarters, ranging between 0.02 and 0.03. This indicates that Vertex Pharmaceuticals has a relatively low level of debt compared to its total assets. A low debt-to-assets ratio signifies a lower financial risk for the company as it suggests a good proportion of assets are funded by equity rather than debt. However, it is important to consider other factors such as the nature of the industry and overall financial health of the company when evaluating the implications of this ratio.


Peer comparison

Dec 31, 2023


See also:

Vertex Pharmaceuticals Inc Debt to Assets (Quarterly Data)