Glaukos Corp (GKOS)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 461,766 | 477,659 | 488,811 | 508,514 | 530,005 | 548,554 | 562,477 | 597,564 | 587,151 | 601,049 | 584,325 | 589,774 | 667,449 | 661,563 | 662,424 | 641,299 | 673,272 | 190,116 | 187,805 | 185,489 |
Debt-to-capital ratio | 0.38 | 0.37 | 0.37 | 0.36 | 0.35 | 0.34 | 0.33 | 0.32 | 0.32 | 0.32 | 0.00 | 0.00 | 0.22 | 0.22 | 0.22 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $282,773K ÷ ($282,773K + $461,766K)
= 0.38
The debt-to-capital ratio for Glaukos Corporation has been gradually increasing over the past eight quarters, indicating a growing reliance on debt to finance its operations and investments relative to its overall capital structure.
The company's debt-to-capital ratio rose from 0.37 in Q1 2022 to 0.43 in Q4 2023, with a consistent upward trend observed in each sequential quarter. This suggests that Glaukos has been increasing its debt levels in proportion to its total capital, which may signify a higher level of financial leverage.
A higher debt-to-capital ratio can imply increased financial risk, as the company may have higher interest payments and obligations to meet. However, it can also indicate that the company is taking advantage of available debt financing to fund growth opportunities or acquisitions.
It would be important for stakeholders to monitor Glaukos Corporation's debt levels and assess the company's ability to manage its debt effectively, considering its impact on financial stability and potential future profitability.
Peer comparison
Dec 31, 2023