Xencor Inc (XNCR)
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 | 951,945 | 952,692 | 846,266 | 838,211 | 703,244 |
| 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 ÷ $951,945K
= 0.00
The debt-to-assets ratio of Xencor Inc has been consistently reported as 0.00 over the past five years (from December 31, 2020, to December 31, 2024). This indicates that the company does not have any debt in relation to its total assets during these periods. A debt-to-assets ratio of 0.00 signifies that the company is entirely financed by its equity and has no debt obligations. This could indicate a strong financial position with low financial risk, as the absence of debt reduces interest expenses and potential financial strain from debt repayments.
However, while a low or zero debt-to-assets ratio can be a positive sign, it can also suggest that the company may not be taking advantage of debt financing for potential growth opportunities or leveraging its capital structure for optimization. Investors and stakeholders should consider other financial metrics and qualitative factors alongside the debt-to-assets ratio to gain a comprehensive understanding of Xencor Inc's overall financial health and strategy.
Peer comparison
Dec 31, 2024