Xencor Inc (XNCR)
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 | 14,642 | — | — | — | 0 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 952,692 | 778,430 | 778,121 | 803,411 | 846,266 | 835,269 | 851,325 | 857,922 | 838,211 | 697,264 | 695,602 | 692,737 | 703,244 | 646,349 | 644,720 | 666,963 | 670,250 | 686,244 | 684,753 | 697,003 |
| Debt-to-assets ratio | 0.02 | 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
= $14,642K ÷ $952,692K
= 0.02
Xencor Inc's debt-to-assets ratio has been consistently low and stable over the past eight quarters, with the ratio hovering around 0.00 to 0.02. This indicates that Xencor Inc has a very low level of debt relative to its total assets. A low debt-to-assets ratio is generally considered favorable as it suggests the company relies more on equity financing rather than debt to finance its operations and investments. This can help reduce financial risk and provide financial flexibility. Overall, the consistent low debt-to-assets ratio reflects Xencor Inc's prudent financial management and solid financial position.
Peer comparison
Dec 31, 2023