Alkermes Plc (ALKS)
Debt-to-equity 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-equity ratio | 0.00 | 0.24 | 0.28 | 0.26 | 0.26 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,464,980K
= 0.00
The debt-to-equity ratio of Alkermes Plc has remained relatively stable over the years, standing at 0.26 as of December 31, 2020 and 2021. In 2022, the ratio increased slightly to 0.28, indicating a slightly higher level of debt relative to equity. However, it decreased in 2023 to 0.24, suggesting a favorable reduction in debt compared to equity. Notably, the ratio dropped significantly to 0.00 as of December 31, 2024, signaling that the company may have significantly reduced or eliminated its debt, resulting in a debt-free position or a very low debt level compared to equity. Overall, the trend in Alkermes Plc's debt-to-equity ratio indicates a mix of stability, slight fluctuations, and a notable improvement in debt management, culminating in a debt-free status by the end of 2024.
Peer comparison
Dec 31, 2024