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