Alkermes Plc (ALKS)

Debt-to-capital ratio

		Dec 31, 2024	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
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
Total stockholders’ equity	US$ in thousands	1,464,980	1,292,110	1,284,000	1,254,760	1,202,690	1,355,580	1,280,440	1,005,580	1,043,750	1,042,850	1,082,320	1,075,390	1,112,580	1,096,170	1,097,900	1,051,160	1,066,980	1,084,360	1,061,850	1,063,020
Debt-to-capital ratio		0.00	0.18	0.18	0.19	0.19	0.18	0.18	0.22	0.22	0.22	0.21	0.21	0.21	0.21	0.21	0.22	0.20	0.20	0.20	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

The debt-to-capital ratio of Alkermes Plc has remained relatively stable around the range of 0.20 to 0.22 from March 31, 2020, to September 30, 2022. This indicates that the company has been maintaining a healthy balance between debt and equity in its capital structure during this period.

However, there was a slight increase to 0.22 by March 31, 2023, and the ratio remained at this level until September 30, 2023. This may suggest a slightly higher reliance on debt compared to equity during this timeframe.

From December 31, 2023, to June 30, 2024, the debt-to-capital ratio decreased to the range of 0.18 to 0.19. This decrease could indicate a reduction in the proportion of debt in the company's capital structure, potentially signaling a shift towards a more equity-heavy financing strategy.

Notably, there was a significant decrease to 0.00 as of December 31, 2024, indicating a considerable shift towards a debt-free capital structure, which may have been driven by debt repayment or increased equity issuance.

Overall, the trend in the debt-to-capital ratio suggests that Alkermes Plc has been actively managing its debt levels and capital structure over the analyzed period, potentially indicating strategic financial decisions aimed at optimizing the company's financial health and stability.