Alkermes Plc (ALKS)

Financial leverage 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
Total assets	US$ in thousands	2,055,570	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
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
Financial leverage ratio		1.40	1.67	1.72	1.69	1.78	1.68	1.71	1.91	1.88	1.86	1.81	1.84	1.82	1.82	1.76	1.79	1.83	1.73	1.70	1.72

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,055,570K ÷ $1,464,980K
= 1.40

The financial leverage ratio of Alkermes Plc has shown fluctuations over the past few years. The ratio stood at 1.72 as of March 31, 2020, and gradually decreased to 1.70 by June 30, 2020, before increasing to 1.83 by December 31, 2020. It then slightly decreased to 1.79 by March 31, 2021, and further to 1.76 by June 30, 2021. The trend then reversed, with the ratio rising to 1.82 by September 30, 2021, and remaining constant at 1.82 by December 31, 2021.

Subsequently, the financial leverage ratio continued to increase, reaching 1.84 by March 31, 2022, and peaking at 1.88 by December 31, 2022. However, the ratio then experienced a decline, dropping to 1.69 by March 31, 2024, before increasing slightly to 1.72 by June 30, 2024. It further decreased to 1.67 by September 30, 2024, and significantly dropped to 1.40 by December 31, 2024.

Overall, the financial leverage ratio of Alkermes Plc has shown volatility, indicating fluctuations in the company's debt relative to its equity over the analyzed period. It is essential for stakeholders to monitor this ratio to assess the company's financial risk and solvency.