Glaukos Corp (GKOS)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	766,931	461,766	530,005	587,151	667,449
Debt-to-capital ratio		0.00	0.38	0.35	0.32	0.22

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $766,931K)
= 0.00

The debt-to-capital ratio of Glaukos Corp has shown an increasing trend over the years. As of December 31, 2020, the ratio stood at 0.22, indicating that 22% of the company's capital structure was financed by debt. By December 31, 2024, the ratio had decreased dramatically to 0.00, potentially suggesting that the company had managed to pay off all its debt or significantly reduced its debt levels.

It is crucial to note that a lower debt-to-capital ratio typically indicates a lower financial risk for the company, as it relies less on debt financing. However, a ratio of 0.00 in 2024 could also raise questions about the company's capital structure and its ability to efficiently utilize debt to fund growth opportunities or leverage financial advantages.

Overall, the fluctuating debt-to-capital ratio of Glaukos Corp over the years highlights the importance of closely monitoring the company's debt management strategies and financial stability.