Sorrento Therapeutics (LTS:0L85) Debt-to-Asset : 0.46 (As of Jun. 2023)

Sorrento Therapeutics Debt-to-Asset Chart

Sorrento Therapeutics Annual Data
	Trend	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Debt-to-Asset		Get a 7-Day Free Trial					0.37	0.52	0.32	0.34	0.28

Sorrento Therapeutics Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Asset	Get a 7-Day Free Trial															0.32	0.27	0.28	0.37	0.46

Competitive Comparison of Sorrento Therapeutics's Debt-to-Asset

For the Biotechnology subindustry, Sorrento Therapeutics's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sorrento Therapeutics's Debt-to-Asset Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Sorrento Therapeutics's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Sorrento Therapeutics's Debt-to-Asset falls into.

Sorrento Therapeutics Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Sorrento Therapeutics's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Sorrento Therapeutics's Debt-to-Asset for the quarter that ended in Jun. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sorrento Therapeutics  (LTS:0L85) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Sorrento Therapeutics Debt-to-Asset Related Terms

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Sorrento Therapeutics (LTS:0L85) Business Description