Glaukos Corp (GKOS)
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 | 282,773 | 282,430 | 282,087 | 281,743 | 281,400 | 281,056 | 280,713 | 280,370 | 280,026 | 279,683 | — | — | 189,416 | 186,676 | 183,999 | — | — | — | — | — |
Total assets | US$ in thousands | 940,414 | 948,634 | 956,740 | 972,592 | 1,002,380 | 1,008,470 | 1,031,280 | 1,052,070 | 1,049,700 | 1,064,130 | 1,043,720 | 1,022,780 | 1,005,500 | 994,514 | 995,733 | 779,720 | 818,400 | 307,436 | 302,085 | 228,035 |
Debt-to-assets ratio | 0.30 | 0.30 | 0.29 | 0.29 | 0.28 | 0.28 | 0.27 | 0.27 | 0.27 | 0.26 | 0.00 | 0.00 | 0.19 | 0.19 | 0.18 | 0.00 | 0.00 | 0.00 | 0.00 | 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 been relatively stable over the past eight quarters, ranging between 0.34 and 0.38. This ratio indicates that, on average, around 34% to 38% of the company's assets are financed through debt. The consistency in this ratio suggests that Glaukos has been maintaining a moderate level of debt relative to its assets, which can be seen as a positive sign of financial stability. The slight fluctuations in the ratio over time may reflect the company's strategic decisions regarding capital structure and debt management. Overall, the trend in the debt-to-assets ratio suggests that Glaukos has been effectively managing its debt levels in relation to its total assets.
Peer comparison
Dec 31, 2023