Glaukos Corp (GKOS)

Debt-to-assets ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	282,773	281,400	280,026	189,416
Total assets	US$ in thousands	974,756	940,414	1,002,380	1,049,700	1,005,500
Debt-to-assets ratio		0.00	0.30	0.28	0.27	0.19

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $974,756K
= 0.00

Over the past five years, Glaukos Corp's debt-to-assets ratio has exhibited fluctuations. In 2020, the ratio stood at 0.19, indicating that only 19% of the company's assets were financed through debt. However, there was a gradual upward trend in the subsequent years, reaching 0.30 by the end of 2023. This implies that 30% of Glaukos Corp's assets were funded by debt at that time.

Interestingly, a notable anomaly occurred in 2024, where the debt-to-assets ratio dropped to 0.00. This suggests that the company's total debt was negligible or possibly eliminated, resulting in a situation where its assets were mainly financed by equity.

Overall, the varying levels of Glaukos Corp's debt-to-assets ratio over the period indicate changes in the company's capital structure and financial leverage. It is important for stakeholders to monitor these fluctuations to assess the firm's risk profile and financial health.