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Ligand Pharmaceuticals LGND Interest coverage

Interest coverage at other companies

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Royalty PharmaRPRX
4.7×-3.0×
LQD
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-4.9×-1.6×
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BridgeBio PharmaBBIO
-7.1×-0.8×
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Roivant SciencesROIV
122.5×+104×
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Ionis PharmaceuticalsIONS
-19.2×-4.6×
ALN
Alnylam PharmaceuticalsALNY
3.4×+2.9×

Other financials

Income statement

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Revenue$51.7M+14.1%
Operating income$17.4M+148%
Net income-$13.3M+68.6%
EPS (diluted)-$0.67+69.7%

Balance sheet

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Cash & equivalents$115.1M+140%
Total debt$5.1M+14.2%
Total equity$997.3M+25.4%
Total assets$1.5B+69.2%

Cash flow

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Operating cash flow$48.7M+291%
CapEx$228.0K+6.5%
Free cash flow$48.5M+289%

Valuation

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Market cap$5.6B+96.7%

Profitability

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Gross margin91.9%
Operating margin34.5%+23.0pp
Net margin55.9%+35.7pp
FCF margin44.8%+16.8pp

Returns & leverage

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Return on equity17.1%+11.5pp
Debt / equity0.0×
Current ratio21.3×+16.0×

Where this comes from

Calculated from Ligand Pharmaceuticals’s reported figures.

Based on trailing twelve months.

The official record: Ligand Pharmaceuticals’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ligand Pharmaceuticals's interest coverage?
Ligand Pharmaceuticals (LGND) reported interest coverage of 16.9× in Q1 2026.
How has Ligand Pharmaceuticals's interest coverage changed year-over-year?
Ligand Pharmaceuticals's interest coverage increased by 202.8% year-over-year, from -16.4× to 16.9×.
What is the long-term trend for Ligand Pharmaceuticals's interest coverage?
Over 5 years (2020 to 2025), Ligand Pharmaceuticals's interest coverage has grown at a 44.8% compound annual growth rate (CAGR), from 1.4× to 8.7×.
What does interest coverage mean?
Trailing-twelve-month operating income (EBIT) divided by interest expense. Measures how many times over the company can cover its interest payments from operating profit.