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