Ligand Pharmaceuticals (LGND) Debt/Equity Ratio: History & Chart

Ligand Pharmaceuticals Incorporated(LGND)

Biotechnology · Jupiter, FL

$297.42-9.35 (-3.05%)

Delayed quote: Oct 6, 2026, 2:35 PM EDT

About Ligand Pharmaceuticals Incorporated

Ligand Pharmaceuticals Incorporated operates as a biopharmaceutical entity, primarily engaged in sourcing and advancing technologies to empower pharmaceutical companies globally in their efforts to discover and develop novel therapeutic solutions. Its diverse portfolio of commercialized products addresses a wide range of medical conditions. For hematologic malignancies, these include Kyprolis and Evomela, both targeting multiple myeloma, as well as Rylaze, a treatment for acute lymphoblastic leukemia and lymphoblastic lymphoma in both adult and pediatric patients. In the realm of infectious diseases, Ligand offers Veklury for moderate to severe COVID-19, Vaxneuvance for preventing invasive Streptococcus pneumoniae disease, and Pneumosil, a pneumococcal conjugate vaccine designed to protect children from pneumonia. Bone health solutions comprise Teriparatide injection for osteoporosis and Duavee for postmenopausal osteoporosis. Other key offerings include Zulresso, a Captisol-enabled formulation of brexanolone for postpartum depression; Nexterone, a Captisol-enabled amiodarone; and Noxafil-IV, a Captisol-enabled posaconazole for intravenous administration. The company’s comprehensive product lineup further extends to the Aziyo portfolio, featuring pericardial repair and CanGaroo envelope extracellular matrix products; Exemptia for autoimmune disorders; Vivitra for breast cancer; Bryxta and Zybev for a variety of indications; and Minnebro for managing hypertension. Beyond its own commercialized products, Ligand Pharmaceuticals collaborates with partners on numerous programs currently undergoing clinical development, targeting conditions such as cancer, seizure disorders, diabetes, cardiovascular ailments, muscle wasting, hepatic and renal diseases, and various other serious illnesses. The company also directly supplies Captisol materials, a proprietary technology frequently integrated into many of its drug formulations. Established in 1987, Ligand Pharmaceuticals is headquartered in Emeryville, California.

Jupiter, FL

47 employees

www.ligand.com

Healthcare / Biotechnology

Sector: Healthcare
Industry: Biotechnology
CEO: Todd C. Davis

View full financials

LGND Debt to Equity Ratio Metrics

DEBT TO EQUITY RATIO

1.17

DEBT TO EQUITY RATIO AVG TTM

0.51

DEBT TO EQUITY RATIO AVG 3Y

0.12

DEBT TO EQUITY RATIO AVG 5Y

0.18

DEBT TO EQUITY RATIO AVG 10Y

0.45

DEBT TO EQUITY RATIO AVG 15Y

0.48

DEBT TO EQUITY RATIO AVG 20Y

0.41

CURRENT VS TTM AVG

+129.48%

CURRENT VS 3Y AVG

+864.62%

CURRENT VS 5Y AVG

+565.07%

CURRENT VS 10Y AVG

+158.72%

CURRENT VS 15Y AVG

+144.57%

CURRENT VS 20Y AVG

+186.82%

SECTOR MEDIAN · HEALTHCARE

0.11

median of 774 covered companies

CURRENT VS SECTOR MEDIAN

+963.13%

vs the sector median at left

NAME	MARKET CAP	DEBT TO EQUITY RATIO	TTM	3Y	5Y
Ligand Pharmaceuticals Incorporated (LGND)	$5.96B	1.17	0.51	0.12	0.18
Kodiak Sciences Inc. (KOD)vs ›	$5.96B	1.57	0.74	0.65	0.49
GRAIL Inc. (GRAL)vs ›	$5.97B	0.04	0.04	0.03	0.04
Iovance Biotherapeutics, Inc. (IOVA)vs ›	$5.89B	0.06	0.08	0.11	0.11
Kiniksa Pharmaceuticals International, plc (KNSA)vs ›	$5.86B	0.01	0.02	0.02	0.02
Rhythm Pharmaceuticals, Inc. (RYTM)vs ›	$6.24B	0.02	0.01	0.01	0.01
CG Oncology Inc. (CGON)vs ›	$5.66B	0.01	0.01	0.04	0.11
RadNet, Inc. (RDNT)vs ›	$5.51B	1.99	1.81	2.63	3.97
MiniMed Group, Inc. Common Stock (MMED)vs ›	$5.48B	0.02	0.02	0.01	0.01
Lantheus Holdings, Inc. (LNTH)vs ›	$6.51B	0.48	0.57	0.80	0.68

NAME

MARKET CAP

DEBT TO EQUITY RATIO

TTM

Ligand Pharmaceuticals Incorporated (LGND)

$5.96B

1.17

0.51

0.12

0.18

Kodiak Sciences Inc. (KOD)vs ›

$5.96B

1.57

0.74

0.65

0.49

GRAIL Inc. (GRAL)vs ›

$5.97B

0.04

0.03

0.04

Iovance Biotherapeutics, Inc. (IOVA)vs ›

$5.89B

0.06

0.08

0.11

Kiniksa Pharmaceuticals International, plc (KNSA)vs ›

$5.86B

0.01

0.02

Rhythm Pharmaceuticals, Inc. (RYTM)vs ›

$6.24B

0.02

0.01

CG Oncology Inc. (CGON)vs ›

$5.66B

0.01

0.04

0.11

RadNet, Inc. (RDNT)vs ›

$5.51B

1.99

1.81

2.63

3.97

MiniMed Group, Inc. Common Stock (MMED)vs ›

$5.48B

0.02

0.01

Lantheus Holdings, Inc. (LNTH)vs ›

$6.51B

0.48

0.57

0.80

0.68

Debt to Equity Ratio FAQ

What is the debt to equity ratio for Ligand Pharmaceuticals Incorporated (LGND)?

The debt to equity ratio for LGND stock is 1.17.

Is Ligand Pharmaceuticals Incorporated's debt to equity ratio high or low?

The debt to equity ratio of 1.17 is 565% above its 5-year average of 0.18, near the high end of its 5-year range (0.01–1.17).

What is the TTM average debt to equity ratio for Ligand Pharmaceuticals Incorporated (LGND)?

The TTM average debt to equity ratio for LGND stock is 0.51.

What is the 3Y average debt to equity ratio for Ligand Pharmaceuticals Incorporated (LGND)?

The 3Y average debt to equity ratio for LGND stock is 0.12.

What is the 5Y average debt to equity ratio for Ligand Pharmaceuticals Incorporated (LGND)?

The 5Y average debt to equity ratio for LGND stock is 0.18.

What is the 10Y average debt to equity ratio for Ligand Pharmaceuticals Incorporated (LGND)?

The 10Y average debt to equity ratio for LGND stock is 0.45.

What is the 15Y average debt to equity ratio for Ligand Pharmaceuticals Incorporated (LGND)?

The 15Y average debt to equity ratio for LGND stock is 0.48.

What is the 20Y average debt to equity ratio for Ligand Pharmaceuticals Incorporated (LGND)?

The 20Y average debt to equity ratio for LGND stock is 0.41.

DATE	DEBT TO EQUITY RATIO
2026-06-30	1.17
2026-03-31	0.45
2025-12-31	0.44
2025-09-30	0.47
2025-06-30	0.01
2025-03-31	0.01
2024-12-31	0.01
2024-09-30	0.01
2024-06-30	0.01
2024-03-31	0.01
2023-12-31	0.01
2023-09-30	0.01
2023-06-30	0.02
2023-03-31	0.14
2022-12-31	0.15
2022-09-30	0.14
2022-06-30	0.18
2022-03-31	0.25
2021-12-31	0.40
2021-09-30	0.41
2021-06-30	0.41
2021-03-31	0.49
2020-12-31	0.64
2020-09-30	0.66
2020-06-30	0.66
2020-03-31	0.69
2019-12-31	0.85
2019-09-30	0.76
2019-06-30	0.64
2019-03-31	0.60
2018-12-31	1.13
2018-09-30	1.17
2018-06-30	1.30
2018-03-31	0.46
2017-12-31	0.54
2017-09-30	0.52
2017-06-30	0.53
2017-03-31	0.54
2016-12-31	0.57
2016-09-30	0.57
2016-06-30	0.53
2016-03-31	0.52
2015-12-31	0.67
2015-09-30	0.69
2015-06-30	2.90
2015-03-31	5.65
2014-12-31	7.46
2014-09-30	4.37
2014-06-30	0.04
2014-03-31	0.09
2013-12-31	0.18
2013-09-30	0.28
2013-06-30	0.40
2013-03-31	0.61
2012-12-31	1.07
2012-09-30	1.77
2012-06-30	2.96
2012-03-31	2.09
2011-12-31	3.50
2011-09-30	28.74
2011-06-30	7.50
2011-03-31	8.16
2010-12-31	-4.71
2010-09-30	-4.63
2010-06-30	18.44
2010-03-31	18.14
2009-12-31	9.71
2009-09-30	-6.05
2009-06-30	-4.73
2009-03-31	-3.97
2008-12-31	-0.39
2008-09-30	0.45
2008-06-30	0.07
2008-03-31	0.07
2007-12-31	0.07
2007-09-30	0.10
2007-06-30	0.09
2007-03-31	0.07
2006-12-31	1.46
2006-09-30	-0.57
2006-06-30	-0.61
2006-03-31	-0.65
2005-12-31	-1.57
2005-09-30	-1.60
2005-06-30	-1.70
2005-03-31	-1.85
2004-12-31	-2.31
2004-09-30	4.25
2004-06-30	3.54
2004-03-31	2.88
2003-12-31	2.44
2003-09-30	2.48
2003-06-30	6.09
2003-03-31	4.14
2002-12-31	2.13
2002-09-30	0.20

DATE

DEBT TO EQUITY RATIO

2026-06-30

1.17

2026-03-31

0.45

2025-12-31

0.44

2025-09-30

0.47

2025-06-30

0.01

2025-03-31

0.01

2024-12-31

0.01

2024-09-30

0.01

2024-06-30

0.01

2024-03-31

0.01

2023-12-31

0.01

2023-09-30

0.01

2023-06-30

0.02

2023-03-31

0.14

2022-12-31

0.15

2022-09-30

0.14

2022-06-30

0.18

2022-03-31

0.25

2021-12-31

0.40

2021-09-30

0.41

2021-06-30

0.41

2021-03-31

0.49

2020-12-31

0.64

2020-09-30

0.66

2020-06-30

0.66

2020-03-31

0.69

2019-12-31

0.85

2019-09-30

0.76

2019-06-30

0.64

2019-03-31

0.60

2018-12-31

1.13

2018-09-30

1.17

2018-06-30

1.30

2018-03-31

0.46

2017-12-31

0.54

2017-09-30

0.52

2017-06-30

0.53

2017-03-31

0.54

2016-12-31

0.57

2016-09-30

0.57

2016-06-30

0.53

2016-03-31

0.52

2015-12-31

0.67

2015-09-30

0.69

2015-06-30

2.90

2015-03-31

5.65

2014-12-31

7.46

2014-09-30

4.37

2014-06-30

0.04

2014-03-31

0.09

2013-12-31

0.18

2013-09-30

0.28

2013-06-30

0.40

2013-03-31

0.61

2012-12-31

1.07

2012-09-30

1.77

2012-06-30

2.96

2012-03-31

2.09

2011-12-31

3.50

2011-09-30

28.74

2011-06-30

7.50

2011-03-31

8.16

2010-12-31

-4.71

2010-09-30

-4.63

2010-06-30

18.44

2010-03-31

18.14

2009-12-31

9.71

2009-09-30

-6.05

2009-06-30

-4.73

2009-03-31

-3.97

2008-12-31

-0.39

2008-09-30

0.45

2008-06-30

0.07

2008-03-31

0.07

2007-12-31

0.07

2007-09-30

0.10

2007-06-30

0.09

2007-03-31

0.07

2006-12-31

1.46

2006-09-30

-0.57

2006-06-30

-0.61

2006-03-31

-0.65

2005-12-31

-1.57

2005-09-30

-1.60

2005-06-30

-1.70

2005-03-31

-1.85

2004-12-31

-2.31

2004-09-30

4.25

2004-06-30

3.54

2004-03-31

2.88

2003-12-31

2.44

2003-09-30

2.48

2003-06-30

6.09

2003-03-31

4.14

2002-12-31

2.13

2002-09-30

0.20

Debt to Equity Ratio: 1.17

LGND Debt to Equity Ratio

LGND Average Debt to Equity Ratio Chart

LGND Current vs Average Debt to Equity Ratio Chart

LGND Debt to Equity Ratio Metrics

LGND Competitors' Debt to Equity Ratio

Financial Health

Debt to Equity Ratio Formula & Definition

Debt to Equity Ratio FAQ

LGND Debt to Equity Ratio History

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