What is Ligand Pharmaceuticals's senior long term notes?

Ligand Pharmaceuticals (LGND) reported senior long term notes of $446.9M in Q1 2026.

What does senior long term notes mean?

This represents the principal amount of long-term debt obligations that rank senior to other forms of indebtedness in the company's capital structure. It reflects the company's reliance on external financing to fund operations, acquisitions, or research and development. Monitoring this is vital for assessing the company's overall leverage, interest expense burden, and credit risk profile.

Ligand Pharmaceuticals LGND Senior Long Term Notes

Senior Long Term Notes at other companies

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Ligand PharmaceuticalsLGND

$446.9M—

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$5.51B+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 / equity0×0.0×

Current ratio21.3×+16.0×

Where this comes from

Reported directly by Ligand Pharmaceuticals in its filing.

Tagged under the XBRL concept us-gaap:SeniorLongTermNotes.

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 senior long term notes?: Ligand Pharmaceuticals (LGND) reported senior long term notes of $446.9M in Q1 2026.
What does senior long term notes mean?: This represents the principal amount of long-term debt obligations that rank senior to other forms of indebtedness in the company's capital structure. It reflects the company's reliance on external financing to fund operations, acquisitions, or research and development. Monitoring this is vital for assessing the company's overall leverage, interest expense burden, and credit risk profile.