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
Company name
Symbol
Debt-to-assets ratio
Vertex Pharmaceuticals Inc
VRTX
0.00
Abbott Laboratories
ABT
0.19
AbbVie Inc
ABBV
0.00
Alkermes Plc
ALKS
0.13
Amphastar P
AMPH
0.40
ANI Pharmaceuticals Inc
ANIP
0.31
Arcus Biosciences Inc
RCUS
0.00
Biomarin Pharmaceutical Inc
BMRN
0.09
Bristol-Myers Squibb Company
BMY
0.39
Catalent Inc
CTLT
0.00
Catalyst Pharmaceuticals Inc
CPRX
0.00