Xencor Inc (XNCR)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 14,642 | 0 | — | — | — |
| Total stockholders’ equity | US$ in thousands | 668,796 | 727,496 | 733,504 | 572,444 | 593,201 |
| Debt-to-capital ratio | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $14,642K ÷ ($14,642K + $668,796K)
= 0.02
The debt-to-capital ratio of Xencor Inc has shown a significant increase from 0.00 in the past four years to 0.03 as of December 31, 2023. This suggests that the company has taken on some level of debt relative to its total capital structure. While the ratio remains relatively low, indicating a conservative use of debt financing, the upward trend over the years may indicate a shift in the company's capital structure strategy. It would be important to further investigate the reasons behind this increase and assess the implications for Xencor's financial health and risk profile.
Peer comparison
Dec 31, 2023