Xencor Inc (XNCR)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 951,945 | 952,692 | 846,266 | 838,211 | 703,244 |
| Total stockholders’ equity | US$ in thousands | 677,611 | 668,796 | 727,496 | 733,504 | 572,444 |
| Financial leverage ratio | 1.40 | 1.42 | 1.16 | 1.14 | 1.23 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $951,945K ÷ $677,611K
= 1.40
The financial leverage ratio of Xencor Inc has exhibited some fluctuations over the years. At December 31, 2020, the ratio stood at 1.23, indicating that the company relied on debt financing to amplify returns for shareholders. By December 31, 2021, the ratio decreased to 1.14, suggesting a reduction in the firm's dependency on debt to finance its operations. However, in the subsequent years, there was a slight increase in the financial leverage ratio, reaching 1.16 by December 31, 2022, and further rising to 1.42 by December 31, 2023. This indicated an increase in the proportion of debt financing in the company's capital structure. As of the latest available data on December 31, 2024, the financial leverage ratio remained high at 1.40, reflecting a continued reliance on debt to fund its activities. Overall, Xencor Inc's financial leverage ratio has experienced fluctuations, and the company should closely monitor and manage its debt levels to ensure a healthy and sustainable capital structure.
Peer comparison
Dec 31, 2024