Xencor Inc (XNCR)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.40 | 1.36 | 1.46 | 1.44 | 1.42 | 1.16 | 1.15 | 1.18 | 1.16 | 1.16 | 1.15 | 1.12 | 1.14 | 1.13 | 1.08 | 1.19 | 1.23 | 1.14 | 1.13 | 1.12 |
Xencor Inc has consistently maintained a strong solvency position, as evidenced by its low debt-to-assets, debt-to-capital, and debt-to-equity ratios, all of which have remained stable at 0.00 throughout the analyzed period. This indicates that the company is not heavily reliant on debt to finance its operations and that its assets are predominantly funded by equity.
The financial leverage ratio, on the other hand, has shown some fluctuation but generally remained within a reasonable range. The ratio started at 1.12 in March 31, 2020, increased slightly over the next few quarters, and then fluctuated between 1.08 and 1.46 before ending at 1.40 in December 31, 2024.
Overall, Xencor Inc's solvency ratios suggest that the company is in a healthy financial position with a conservative approach to debt utilization and a stable capital structure.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | -4.17 | -16.74 | -16.03 | -13.08 | -82.38 | -41.01 | -32.54 | -29.55 | -14.73 | 17.03 | 26.29 | 66.75 | 51.55 | -48.49 | -14.82 | -18.85 | -10.57 | -9.37 | -7.43 | -5.30 |
The interest coverage ratio of Xencor Inc shows a significant fluctuation over the years, indicating varying degrees of ability to cover interest expenses with earnings before interest and taxes (EBIT).
From March 31, 2020, to September 30, 2021, the company had negative interest coverage ratios, which suggests that Xencor Inc was unable to cover its interest expenses with its earnings during this period. This raised concerns about the company's financial health and its ability to service its debt obligations.
However, starting from December 31, 2021, the interest coverage ratio improved significantly, indicating that Xencor Inc's EBIT was sufficient to cover its interest expenses. The ratio continued to improve through June 30, 2022, signifying a stronger financial position.
Subsequently, the interest coverage ratio declined from September 30, 2022, to December 31, 2024, once again displaying negative values. This downward trend raises concerns about the company's ability to meet its interest payments with its earnings.
Overall, the analysis of Xencor Inc's interest coverage ratio reveals a fluctuating pattern, highlighting the company's performance in managing its interest expenses relative to its earnings over the years. It is crucial for stakeholders to closely monitor these trends to assess the company's financial stability and debt repayment capacity.