Xencor Inc (XNCR)

Debt-to-equity 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-equity ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

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

Xencor Inc has consistently maintained a debt-to-equity ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its operations and has relied solely on equity for funding. A debt-to-equity ratio of 0.00 generally signifies a low financial risk, as there is no debt that needs to be repaid, and the company's operations are supported by its equity. It suggests that Xencor Inc has a strong financial position and a healthy balance sheet with no significant debt burdens.