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.