Alkermes Plc (ALKS)

Debt-to-assets ratio

		Sep 30, 2024	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
Long-term debt	US$ in thousands	285,823	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
Total assets	US$ in thousands	2,155,290	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
Debt-to-assets ratio		0.13	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

September 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $285,823K ÷ $2,155,290K
= 0.13

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

A lower debt-to-assets ratio is generally considered favorable as it suggests lower financial risk and greater financial stability. Alkermes Plc's ratio has mostly been on the lower side, oscillating around 0.13 to 0.15, indicating that the company has a conservative approach to financing its operations through debt.

Overall, the trend in Alkermes Plc's debt-to-assets ratio shows a consistent level of prudence in managing its debt obligations relative to its asset base. Further analysis would be necessary to understand the specific factors contributing to changes in this ratio over time and their implications for the company's financial health and risk profile.