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Ligand Pharmaceuticals LGND Net debt / EBITDA

Net debt / EBITDA at other companies

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5.2×+1.4×
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-0×
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-1.6×-1.9×
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0.3×+0.2×
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1.2×
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-1.6×

Other financials

Income statement

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Revenue$63.7M+33.7%
Operating income$8.6M+1.7%
Net income$48.5M+901%
EPS (diluted)$2.22+825%

Balance sheet

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Cash & equivalents$1.0B+1,388%
Total debt$1.1B+19,605%
Total equity$967.5M+16.9%
Total assets$2.2B+130%

Cash flow

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Operating cash flow$24.0M+52.0%
CapEx$26.0K-87.9%
Free cash flow$24.0M+53.9%

Valuation

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Market cap$6.02B+119%
Enterprise value$6.14B+129%
P/E30.5×
P/S20.7×+6.1×

Profitability

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Gross margin91.9%
Operating margin32.6%+24.0pp
Net margin67.9%+49.4pp
FCF margin45.2%+16.7pp

Returns & leverage

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Return on equity22%+16.9pp
Debt / equity1.2×+1.2×
Current ratio31.2×+25.7×

Where this comes from

Calculated from Ligand Pharmaceuticals’s reported figures.

Based on the most recent quarter.

The source filing: Ligand Pharmaceuticals’s 10-Q, filed August 7, 2026. Open the filing →

Filed
Aug 7, 2026, 4:06 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000886163-26-000044

FAQ

What is Ligand Pharmaceuticals's net debt / EBITDA?
Ligand Pharmaceuticals (LGND) reported net debt / EBITDA of 1× in Q2 2026.
How has Ligand Pharmaceuticals's net debt / EBITDA changed year-over-year?
Ligand Pharmaceuticals's net debt / EBITDA increased by 101.0% year-over-year, from -95.7× to 1×.
What is the long-term trend for Ligand Pharmaceuticals's net debt / EBITDA?
Over 5 years (2020 to 2025), Ligand Pharmaceuticals's net debt / EBITDA has grown at a 39.5% compound annual growth rate (CAGR), from -0.4× to -2.3×.
What does net debt / EBITDA mean?
Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

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