Ligand Pharmaceuticals annual debt-to-equity ratio
2012
2013
2014
2015
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2021
2022
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2025
Ligand Pharmaceuticals Debt-to-Equity Ratio Growth & History (LGND)
Ligand Pharmaceuticals's debt-to-equity ratio was 0.01 for fiscal 2025.
View full Ligand Pharmaceuticals company overviewLigand Pharmaceuticals annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.01 | −0.00 | −38.94% |
| 2024 | 2024-12-31 | 0.01 | −0.00 | −2.36% |
| 2023 | 2023-12-31 | 0.01 | −0.01 | −52.32% |
| 2022 | 2022-12-31 | 0.02 | −0.39 | −95.51% |
| 2021 | 2021-12-31 | 0.41 | −0.23 | −35.96% |
| 2020 | 2020-12-31 | 0.64 | −0.20 | −24.08% |
| 2019 | 2019-12-31 | 0.85 | −0.24 | −22.05% |
| 2018 | 2018-12-31 | 1.09 | 1.09 | — |
| 2017 | 2017-12-31 | 0.00 | — | — |
| 2015 | 2015-12-31 | 0.85 | −6.59 | −88.56% |
| 2014 | 2014-12-31 | 7.44 | 7.44 | — |
| 2013 | 2013-12-31 | 0.00 | −1.04 | — |
| 2012 | 2012-12-31 | 1.04 | — | — |
Ligand Pharmaceuticals quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 1.17 | 1.16 | +16749.42% |
| Q1 2026 | 2026-03-31 | 0.01 | −0.00 | −8.87% |
| Q4 2025 | 2025-12-31 | 0.01 | −0.00 | −38.94% |
| Q3 2025 | 2025-09-30 | 0.01 | −0.00 | −33.77% |
| Q2 2025 | 2025-06-30 | 0.01 | −0.00 | −29.05% |
| Q1 2025 | 2025-03-31 | 0.01 | −0.00 | −27.20% |
| Q4 2024 | 2024-12-31 | 0.01 | −0.00 | −2.36% |
| Q3 2024 | 2024-09-30 | 0.01 | −0.00 | −7.70% |
| Q2 2024 | 2024-06-30 | 0.01 | −0.01 | −44.27% |
| Q1 2024 | 2024-03-31 | 0.01 | −0.01 | −58.24% |
| Q4 2023 | 2023-12-31 | 0.01 | −0.01 | −52.32% |
| Q3 2023 | 2023-09-30 | 0.01 | −0.04 | −79.26% |
| Q2 2023 | 2023-06-30 | 0.02 | −0.02 | −52.52% |
| Q1 2023 | 2023-03-31 | 0.02 | −0.23 | −92.53% |
| Q4 2022 | 2022-12-31 | 0.02 | −0.39 | −95.51% |
| Q3 2022 | 2022-09-30 | 0.05 | −0.36 | −88.78% |
| Q2 2022 | 2022-06-30 | 0.04 | −0.37 | −90.98% |
| Q1 2022 | 2022-03-31 | 0.25 | −0.24 | −49.82% |
| Q4 2021 | 2021-12-31 | 0.41 | −0.23 | −35.96% |
| Q3 2021 | 2021-09-30 | 0.41 | −0.25 | −38.22% |
| Q2 2021 | 2021-06-30 | 0.41 | −0.25 | −38.14% |
| Q1 2021 | 2021-03-31 | 0.49 | −0.20 | −28.64% |
| Q4 2020 | 2020-12-31 | 0.64 | −0.20 | −24.08% |
| Q3 2020 | 2020-09-30 | 0.66 | −0.10 | −12.73% |
| Q2 2020 | 2020-06-30 | 0.66 | 0.05 | +8.57% |
| Q1 2020 | 2020-03-31 | 0.69 | 0.11 | +19.30% |
| Q4 2019 | 2019-12-31 | 0.85 | −0.24 | −22.05% |
| Q3 2019 | 2019-09-30 | 0.76 | −0.11 | −12.36% |
| Q2 2019 | 2019-06-30 | 0.61 | −0.35 | −36.51% |
| Q1 2019 | 2019-03-31 | 0.58 | 0.58 | — |
| Q4 2018 | 2018-12-31 | 1.09 | 1.09 | — |
| Q3 2018 | 2018-09-30 | 0.86 | 0.86 | — |
| Q2 2018 | 2018-06-30 | 0.96 | 0.96 | — |
| Q1 2018 | 2018-03-31 | 0.00 | 0.00 | — |
| Q4 2017 | 2017-12-31 | 0.00 | 0.00 | — |
| Q3 2017 | 2017-09-30 | 0.00 | 0.00 | — |
| Q2 2017 | 2017-06-30 | 0.00 | 0.00 | — |
| Q1 2017 | 2017-03-31 | 0.00 | −0.56 | — |
| Q4 2016 | 2016-12-31 | 0.00 | −0.85 | — |
| Q3 2016 | 2016-09-30 | 0.00 | −0.76 | — |
| Q2 2016 | 2016-06-30 | 0.00 | −2.90 | — |
| Q1 2016 | 2016-03-31 | 0.56 | −5.08 | −90.05% |
| Q4 2015 | 2015-12-31 | 0.85 | −6.59 | −88.56% |
| Q3 2015 | 2015-09-30 | 0.76 | −3.60 | −82.57% |
| Q2 2015 | 2015-06-30 | 2.90 | 2.90 | — |
| Q1 2015 | 2015-03-31 | 5.64 | 5.64 | — |
| Q4 2014 | 2014-12-31 | 7.44 | 7.44 | — |
| Q3 2014 | 2014-09-30 | 4.36 | — | — |
| Q2 2014 | 2014-06-30 | 0.00 | — | — |
| Q1 2014 | 2014-03-31 | 0.00 | — | — |
| Q4 2013 | 2013-12-31 | 0.00 | −1.04 | — |
| Q4 2012 | 2012-12-31 | 1.04 | 1.04 | — |
| Q3 2012 | 2012-09-30 | 0.00 | 0.00 | — |
| Q2 2012 | 2012-06-30 | 0.00 | 0.00 | — |
| Q4 2011 | 2011-12-31 | 0.00 | — | — |
| Q3 2011 | 2011-09-30 | 0.00 | — | — |
| Q2 2011 | 2011-06-30 | 0.00 | — | — |
Ligand Pharmaceuticals debt-to-equity ratio trends
Over the last five fiscal years, Ligand Pharmaceuticals's debt-to-equity ratio decreased from 0.64 to 0.01, a change of −0.64. The latest reported quarter, Q2 2026, shows 1.17.
About the metric
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.
Calculation and source
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.
Review Ligand Pharmaceuticals source filings ↗