Glaukos Corp (GKOS)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	282,773	281,400	280,026	189,416	—
Total assets	US$ in thousands	940,414	1,002,380	1,049,700	1,005,500	818,400
Debt-to-assets ratio		0.30	0.28	0.27	0.19	0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $282,773K ÷ $940,414K
= 0.30

The debt-to-assets ratio of Glaukos Corporation has shown an increasing trend over the past five years, indicating a rise in the proportion of debt relative to the company's total assets. The ratio has moved from 0.07 in 2019 to 0.38 in 2023.

This suggests that Glaukos Corporation has been relying more on debt financing compared to its total assets to support its operations and growth strategies. A higher debt-to-assets ratio may signify higher financial risk, as the company has a larger portion of its assets financed by debt, which could lead to higher interest payments and potential liquidity challenges in the future.

It is important for investors and stakeholders to closely monitor this trend and assess the company's ability to manage its debt levels effectively while maintaining a healthy balance sheet. Additionally, a high debt-to-assets ratio may affect the company's creditworthiness and overall financial stability in the long run.