What is Cytokinetics's debt-to-equity?

Cytokinetics (CYTK) reported debt-to-equity of 2.2× in Q2 2024.

What does debt-to-equity mean?

How much debt the company carries for every dollar of shareholder equity.

How do you interpret debt-to-equity?

Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.

How does debt-to-equity compare across companies?

Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.

Cytokinetics CYTK Debt-to-equity

Debt-to-equity at other companies

Bristol-Myers SquibbBMY

2.2×-0.6×

Eli LillyLLY

1.4×-1.1×

Merck & Co.MRK

1.1×+0.3×

BioMarin PharmaceuticalsBMRN

0.2×+0.1×

MedtronicMDT

0.6×0.0×

Boston ScientificBSX

0×-0.5×

Other financials

Income statement

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Revenue$19.4M+1,126%

Operating income-$183.6M-18.0%

Net income-$206.0M-27.7%

EPS (diluted)-$1.67-22.8%

Balance sheet

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Cash & equivalents$129.8M+76.2%

Total debt$418.2M+75.8%

Total equity-$826.6M-210%

Total assets$1.3B+0.7%

Cash flow

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Operating cash flow-$145.5M-10.5%

CapEx$5.9M+4.7%

Free cash flow-$151.4M-10.3%

Valuation

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Market cap$10.7B+70.6%

Enterprise value$10.98B+70.7%

P/S101.1×-225×

Profitability

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Operating margin-605.1%-268pp

Net margin-784%-337pp

FCF margin-518.8%-223pp

Returns & leverage

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Return on equity-337.6%—

Current ratio4.2×-1.8×

Where this comes from

Calculated from Cytokinetics’s reported figures.

total debt/total stockholders equity=2.2×

Based on the most recent quarter.

The official record: Cytokinetics’s 10-Q, filed August 9, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cytokinetics's debt-to-equity?: Cytokinetics (CYTK) reported debt-to-equity of 2.2× in Q2 2024.
What does debt-to-equity mean?: How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?: Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?: Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.