Xencor Inc (XNCR)
Debt-to-equity 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-equity ratio | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $14,642K ÷ $668,796K
= 0.02
The debt-to-equity ratio of Xencor Inc has shown a consistent trend of very low values over the past five years, with the ratio steadily decreasing from 0.03 in 2023 to 0.00 in 2022, 2021, 2020, and 2019. This indicates that the company has very little debt relative to its equity capital during these years, suggesting a strong financial position with a conservative capital structure. A low debt-to-equity ratio signifies that the company relies more on equity financing rather than debt to fund its operations and investments. This can imply lower financial risk and interest expense for the company, as well as potential better financial stability and flexibility in managing its capital structure and growth initiatives.
Peer comparison
Dec 31, 2023