Alkermes Plc (ALKS)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,464,980 | 1,202,690 | 1,043,750 | 1,112,580 | 1,066,980 |
| Debt-to-capital ratio | 0.00 | 0.19 | 0.22 | 0.21 | 0.20 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,464,980K)
= 0.00
Based on the provided data, Alkermes Plc's debt-to-capital ratio has shown some fluctuations over the years. As of December 31, 2020, the ratio stood at 0.20, indicating that 20% of the company's capital was funded by debt. This ratio increased slightly to 0.21 by December 31, 2021, and further to 0.22 by December 31, 2022, suggesting a gradual shift towards higher debt financing.
However, by December 31, 2023, the debt-to-capital ratio decreased to 0.19, reflecting a potential deleveraging or increased capital base relative to debt. Notably, by December 31, 2024, the ratio dropped significantly to 0.00, indicating that the company had no debt relative to its capital, which may signal a strong financial position with less reliance on debt financing.
Overall, the fluctuation in Alkermes Plc's debt-to-capital ratio over the years highlights varying levels of debt utilization and capital structure adjustments, which could be influenced by factors such as business operations, strategic decisions, and market conditions.
Peer comparison
Dec 31, 2024