Ligand Pharmaceuticals Incorporated (LGND)

Solvency & Capital Structure

Total Debt

$452M

Net Debt

-$327.4M

Ligand Pharmaceuticals Incorporated currently has $452M in total debt. Net debt is -$327.4M after cash offsets. This 'Net Cash' position indicates exceptional financial strength.

Financial Fundamentals

LGND • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-03-31	0.45	0.78	-0.33Net Cash	1.53	29.5%
2025-12-31	0.45	0.73	-0.28Net Cash	1.56	28.9%
2025-09-30	0.45	0.66	-0.21Net Cash	1.48	30.5%
2025-06-30	0.01	0.26	-0.25Net Cash	0.95	0.6%
2025-03-31	0.00	0.21	-0.20Net Cash	0.91	0.5%
2024-12-31	0.01	0.26	-0.25Net Cash	0.94	0.8%
2024-09-30	0.01	0.22	-0.21Net Cash	0.95	0.8%
2024-06-30	0.01	0.23	-0.22Net Cash	0.87	0.9%
2024-03-31	0.01	0.31	-0.30Net Cash	0.91	0.7%
2023-12-31	0.01	0.17	-0.16Net Cash	0.79	0.8%
2023-09-30	0.01	0.19	-0.18Net Cash	0.77	0.8%
2023-06-30	0.01	0.22	-0.21Net Cash	0.76	1.5%
2023-03-31	0.09	0.28	-0.19Net Cash	0.81	10.9%
2022-12-31	0.09	0.21	-0.12Net Cash	0.76	11.5%
2022-09-30	0.11	0.12	-0.01Net Cash	1.05	10.8%
2022-06-30	0.14	0.15	-0.00Net Cash	1.08	13.4%
2022-03-31	0.20	0.20	-0.01Net Cash	1.11	17.7%
2021-12-31	0.32	0.34	-0.02Net Cash	1.30	25.0%
2021-09-30	0.33	0.32	0.01	1.27	26.0%
2021-06-30	0.32	0.30	0.02	1.26	25.7%
2021-03-31	0.37	0.34	0.03	1.30	28.3%
2020-12-31	0.46	0.41	0.05	1.36	33.5%
2020-09-30	0.46	0.80	-0.34Net Cash	1.25	36.9%
2020-06-30	0.46	0.81	-0.35Net Cash	1.24	37.1%
2020-03-31	0.46	0.77	-0.32Net Cash	1.19	38.4%
2019-12-31	0.65	1.07	-0.42Net Cash	1.49	43.5%
2019-09-30	0.64	1.15	-0.51Net Cash	1.55	41.5%
2019-06-30	0.66	1.39	-0.73Net Cash	1.80	36.8%
2019-03-31	0.65	1.50	-0.85Net Cash	1.91	33.9%
2018-12-31	0.64	0.76	-0.13Net Cash	1.26	50.5%
2018-09-30	0.82	1.11	-0.30Net Cash	2.11	38.8%
2018-06-30	0.81	1.02	-0.21Net Cash	1.86	43.4%
2018-03-31	0.23	0.29	-0.06Net Cash	0.75	30.2%
2017-12-31	0.22	0.20	0.02	0.67	33.5%
2017-09-30	0.22	0.20	0.02	0.66	33.5%
2017-06-30	0.22	0.17	0.05	0.64	34.2%
2017-03-31	0.22	0.16	0.06	0.63	34.3%
2016-12-31	0.21	0.14	0.07	0.60	35.4%
2016-09-30	0.21	0.12	0.09	0.60	35.0%
2016-06-30	0.21	0.11	0.10	0.62	33.6%
2016-03-31	0.20	0.11	0.09	0.61	33.4%
2015-12-31	0.21	0.20	0.01	0.53	38.5%
2015-09-30	0.20	0.19	0.02	0.52	38.9%
2015-06-30	0.20	0.18	0.02	0.30	65.8%
2015-03-31	0.20	0.18	0.02	0.26	75.4%
2014-12-31	0.20	0.17	0.03	0.26	76.1%
2014-09-30	0.19	0.19	0.01	0.27	71.2%
2014-06-30	0.00	0.02	-0.02Net Cash	0.10	2.7%
2014-03-31	0.01	0.03	-0.02Net Cash	0.11	5.5%
2013-12-31	0.01	0.02	-0.01Net Cash	0.10	8.7%
2013-09-30	0.01	0.00	0.01	0.10	12.2%
2013-06-30	0.02	0.01	0.01	0.10	15.6%
2013-03-31	0.02	0.01	0.01	0.10	19.0%
2012-12-31	0.03	0.01	0.02	0.10	27.1%
2012-09-30	0.04	0.01	0.03	0.10	38.6%
2012-06-30	0.05	0.01	0.04	0.10	52.3%
2012-03-31	0.04	0.01	0.03	0.11	36.0%
2011-12-31	0.03	0.02	0.01	0.12	24.8%
2011-09-30	0.07	0.01	0.06	0.12	55.5%
2011-06-30	0.04	0.01	0.03	0.13	31.4%
2011-03-31	0.04	0.02	0.02	0.13	30.5%
2010-12-31	0.02	0.02	0.00	0.08	30.2%
2010-09-30	0.04	0.02	0.02	0.11	38.8%
2010-06-30	0.05	0.03	0.02	0.13	38.4%
2010-03-31	0.04	0.04	-0.00Net Cash	0.13	29.1%
2009-12-31	0.04	0.05	-0.02Net Cash	0.14	25.6%
2009-09-30	0.06	0.04	0.01	0.12	49.1%
2009-06-30	0.06	0.06	0.00	0.13	44.8%
2009-03-31	0.06	0.05	0.01	0.14	41.8%
2008-12-31	0.00	0.08	-0.08Net Cash	0.17	2.3%
2008-09-30	0.00	0.07	-0.07Net Cash	0.15	0.6%
2008-06-30	0.00	0.08	-0.08Net Cash	0.16	0.8%
2008-03-31	0.00	0.09	-0.09Net Cash	0.17	1.0%
2007-12-31	0.00	0.09	-0.09Net Cash	0.17	1.2%
2007-09-30	0.00	0.10	-0.10Net Cash	0.21	1.3%
2007-06-30	0.00	0.12	-0.11Net Cash	0.23	1.4%
2007-03-31	0.00	0.41	-0.41Net Cash	0.52	0.7%
2006-12-31	0.04	0.17	-0.13Net Cash	0.33	12.2%
2006-09-30	0.14	0.03	0.11	0.23	61.4%
2006-06-30	0.14	0.06	0.08	0.29	50.6%
2006-03-31	0.15	0.07	0.08	0.29	50.7%
2005-12-31	0.17	0.09	0.09	0.31	55.0%
2005-09-30	0.17	0.07	0.10	0.31	56.5%
2005-06-30	0.17	0.07	0.11	0.30	57.6%
2005-03-31	0.17	0.09	0.08	0.31	55.6%
2004-12-31	0.17	0.11	0.06	0.33	52.3%
2004-09-30	0.17	0.08	0.09	0.29	60.3%
2004-06-30	0.17	0.09	0.08	0.29	59.6%
2004-03-31	0.17	0.10	0.08	0.29	59.0%
2003-12-31	0.17	0.10	0.07	0.30	57.3%
2003-09-30	0.16	0.09	0.07	0.27	56.9%
2003-06-30	0.16	0.04	0.12	0.23	72.6%
2003-03-31	0.16	0.03	0.12	0.24	65.2%
2002-12-31	0.16	0.06	0.09	0.27	58.1%
2002-09-30	0.02	0.04	-0.02Net Cash	0.12	13.5%
2002-06-30	0.01	0.04	-0.03Net Cash	0.13	6.1%
2002-03-31	0.06	0.04	0.02	0.12	47.1%
2001-12-31	0.14	0.04	0.10	0.12	121.0%
2001-09-30	0.14	0.04	0.10	0.12	119.4%
2001-06-30	0.15	0.05	0.11	0.12	123.8%
2001-03-31	0.14	0.04	0.10	0.13	108.0%
2000-12-31	0.14	0.02	0.11	0.11	119.2%
2000-09-30	0.12	0.03	0.09	0.12	107.9%
2000-06-30	0.12	0.05	0.08	0.13	95.3%
2000-03-31	0.12	0.05	0.07	0.13	93.6%
1999-12-31	0.14	0.05	0.09	0.13	104.6%
1999-09-30	0.16	0.05	0.11	0.13	120.2%
1999-06-30	0.10	0.03	0.06	0.12	78.1%
1999-03-31	0.09	0.05	0.05	0.14	69.8%
1998-12-31	0.09	0.03	0.06	0.16	60.1%
1998-09-30	0.05	0.02	0.03	0.13	42.0%
1998-06-30	0.05	0.03	0.03	0.08	62.8%
1998-03-31	0.05	0.03	0.03	0.09	61.2%
1997-12-31	0.05	0.06	-0.01Net Cash	0.11	50.5%
1997-09-30	0.05	0.01	0.04	0.08	67.5%
1997-06-30	0.05	0.02	0.04	0.09	62.0%
1997-03-31	0.05	0.02	0.03	0.10	55.8%
1996-12-31	0.06	0.03	0.02	0.10	55.4%
1996-09-30	0.05	0.01	0.04	0.07	75.1%
1996-06-30	0.05	0.01	0.04	0.08	70.3%