Collegium Pharmaceutical Inc (COLL)

Debt-to-assets ratio

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 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Long-term debt US$ in thousands 483,838 527,709 571,419 614,991 538,451 581,902 625,268 668,579 201,632 213,570 225,455 237,292 209,594 219,762 229,908 240,094 7,667 8,625 9,583 9,036
Total assets US$ in thousands 1,143,310 1,177,580 1,213,910 1,214,300 1,174,130 1,200,940 1,245,570 1,246,140 692,077 741,803 713,735 646,065 643,841 643,843 646,870 634,793 306,302 303,978 301,581 294,362
Debt-to-assets ratio 0.42 0.45 0.47 0.51 0.46 0.48 0.50 0.54 0.29 0.29 0.32 0.37 0.33 0.34 0.36 0.38 0.03 0.03 0.03 0.03

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $483,838K ÷ $1,143,310K
= 0.42

The debt-to-assets ratio of Collegium Pharmaceutical Inc has shown some fluctuation over the past eight quarters, ranging from 0.58 to 0.66. This ratio indicates the proportion of the company's assets that are financed through debt. A higher debt-to-assets ratio suggests that a larger portion of the company's assets is funded by debt, which can signify higher financial risk due to potential difficulties in servicing debt obligations.

In the case of Collegium Pharmaceutical Inc, the ratio has hovered around 0.60 in most quarters, indicating a moderate level of leverage. The slight increase in the ratio from 0.58 in Q4 2022 to 0.66 in Q1 2023 may suggest a temporary increase in the company's reliance on debt to fund its assets. However, the subsequent decrease in Q2 and Q3 2023 to 0.62 and 0.60, respectively, may indicate efforts to manage debt levels and improve the overall financial stability of the company.

Overall, Collegium Pharmaceutical Inc's debt-to-assets ratio fluctuates within a relatively narrow range, suggesting a balanced approach to capital structure and financial risk management. It is important to monitor this ratio over time to assess the company's ability to sustain its debt obligations and support its asset base effectively.