Alkermes Plc (ALKS)

Debt-to-assets ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	287,730	290,270	292,804	272,118
Total assets	US$ in thousands	2,055,570	2,136,220	1,963,980	2,024,480	1,949,730
Debt-to-assets ratio		0.00	0.13	0.15	0.14	0.14

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,055,570K
= 0.00

The debt-to-assets ratio for Alkermes Plc has shown relatively consistent and favorable performance over the past five years. As of December 31, 2020, and 2021, the ratio stood at 0.14, indicating that 14% of the company's total assets were financed by debt.

In 2022, the ratio increased slightly to 0.15, suggesting a slightly higher reliance on debt for financing assets. However, the ratio decreased to 0.13 by the end of 2023, indicating that the company reduced its debt relative to its total assets.

The most notable change occurred by December 31, 2024, when the debt-to-assets ratio dropped significantly to 0.00, signaling that Alkermes Plc had effectively eliminated its debt and was financing its assets entirely through equity or other non-debt sources.

Overall, the trend in the debt-to-assets ratio for Alkermes Plc demonstrates a prudent and efficient management of debt levels, culminating in a debt-free position by the end of the period under review.