Innoviva Debt-to-Equity Ratio Growth & History (INVA)
Innoviva's debt-to-equity ratio was 0.23 for fiscal 2025.
View full Innoviva company overviewInnoviva annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.23 | −0.42 | −64.86% |
| 2024 | 2024-12-31 | 0.65 | −0.01 | −1.91% |
| 2023 | 2023-12-31 | 0.67 | −0.30 | −30.81% |
| 2022 | 2022-12-31 | 0.96 | 0.01 | +1.03% |
| 2021 | 2021-12-31 | 0.95 | 0.24 | +33.30% |
| 2020 | 2020-12-31 | 0.71 | −0.49 | −40.64% |
| 2019 | 2019-12-31 | 1.20 | −1.29 | −51.74% |
| 2018 | 2018-12-31 | 2.49 | — | — |
| 2013 | 2013-12-31 | 0.96 | — | — |
Innoviva quarterly debt-to-equity ratio
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.22 | −0.41 | −65.34% |
| Q1 2026 | 2026-03-31 | 0.20 | −0.50 | −71.21% |
| Q4 2025 | 2025-12-31 | 0.23 | −0.42 | −64.86% |
| Q3 2025 | 2025-09-30 | 0.26 | −0.42 | −61.98% |
| Q2 2025 | 2025-06-30 | 0.63 | −0.05 | −6.86% |
| Q1 2025 | 2025-03-31 | 0.70 | 0.06 | +9.24% |
| Q4 2024 | 2024-12-31 | 0.65 | −0.01 | −1.91% |
| Q3 2024 | 2024-09-30 | 0.67 | −0.04 | −5.72% |
| Q2 2024 | 2024-06-30 | 0.68 | −0.13 | −16.14% |
| Q1 2024 | 2024-03-31 | 0.64 | −0.16 | −19.98% |
| Q4 2023 | 2023-12-31 | 0.67 | −0.30 | −30.81% |
| Q3 2023 | 2023-09-30 | 0.72 | −0.13 | −15.61% |
| Q2 2023 | 2023-06-30 | 0.81 | −0.59 | −42.25% |
| Q1 2023 | 2023-03-31 | 0.80 | −0.61 | −43.15% |
| Q4 2022 | 2022-12-31 | 0.96 | 0.01 | +1.03% |
| Q3 2022 | 2022-09-30 | 0.85 | −0.13 | −12.96% |
| Q2 2022 | 2022-06-30 | 1.40 | 0.22 | +18.25% |
| Q1 2022 | 2022-03-31 | 1.40 | 0.79 | +129.67% |
| Q4 2021 | 2021-12-31 | 0.95 | 0.24 | +33.30% |
| Q3 2021 | 2021-09-30 | 0.97 | 0.18 | +23.35% |
| Q2 2021 | 2021-06-30 | 1.18 | 0.35 | +41.73% |
| Q1 2021 | 2021-03-31 | 0.61 | −0.39 | −38.83% |
| Q4 2020 | 2020-12-31 | 0.71 | −0.49 | −40.64% |
| Q3 2020 | 2020-09-30 | 0.79 | −0.67 | −45.75% |
| Q2 2020 | 2020-06-30 | 0.83 | −0.88 | −51.27% |
| Q1 2020 | 2020-03-31 | 1.00 | −1.05 | −51.32% |
| Q4 2019 | 2019-12-31 | 1.20 | −1.29 | −51.74% |
| Q3 2019 | 2019-09-30 | 1.46 | — | — |
| Q2 2019 | 2019-06-30 | 1.71 | — | — |
| Q1 2019 | 2019-03-31 | 2.05 | — | — |
| Q4 2018 | 2018-12-31 | 2.49 | — | — |
| Q4 2013 | 2013-12-31 | 0.96 | — | — |
| Q1 2012 | 2012-03-31 | 0.00 | — | — |
Innoviva debt-to-equity ratio trends
Over the last five fiscal years, Innoviva's debt-to-equity ratio decreased from 0.71 to 0.23, a change of −0.48. The latest reported quarter, Q2 2026, shows 0.22.
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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