Alkermes Plc (ALKS)

Debt-to-assets ratio

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Long-term debt	US$ in thousands	286,459	287,095	287,730	288,366	289,001	289,635	290,270	290,904	291,537	292,171	292,804	293,437	294,070	294,702	272,118	272,663	273,207	273,751	274,295	274,838
Total assets	US$ in thousands	2,206,840	2,123,900	2,136,220	2,279,230	2,187,180	1,922,730	1,963,980	1,941,900	1,957,420	1,977,840	2,024,480	1,995,430	1,937,570	1,878,220	1,949,730	1,876,820	1,802,340	1,825,950	1,805,400	1,758,000
Debt-to-assets ratio		0.13	0.14	0.13	0.13	0.13	0.15	0.15	0.15	0.15	0.15	0.14	0.15	0.15	0.16	0.14	0.15	0.15	0.15	0.15	0.16

June 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $286,459K ÷ $2,206,840K
= 0.13

The debt-to-assets ratio for Alkermes Plc has been relatively stable over the past several quarters, ranging from 0.13 to 0.16. This ratio indicates the proportion of the company's assets that are financed through debt.

With the values consistently below 0.5, it suggests that Alkermes Plc has generally maintained a conservative capital structure, relying more on equity financing rather than debt to fund its operations and investments. A lower debt-to-assets ratio is perceived positively by investors and creditors as it signifies lower financial risk and more financial stability.

Overall, based on the historical trend of the debt-to-assets ratio, Alkermes Plc appears to have a prudent approach to managing its debt levels and maintaining a healthy balance between debt and equity in its capital structure.