Xencor Inc (XNCR)

Debt-to-capital ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands — — — — —
Total stockholders’ equity US$ in thousands 677,611 668,796 727,496 733,504 572,444
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $677,611K)
= 0.00

The debt-to-capital ratio of Xencor Inc has consistently remained at 0.00 from December 31, 2020, through December 31, 2024. This indicates that the company has not utilized any debt in its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company's capital is entirely derived from equity rather than debt financing. This can be viewed positively by investors and creditors as it signifies a lower financial risk and a more conservative financial profile for Xencor Inc.