Glaukos Corp (GKOS)

Debt-to-equity 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-equity ratio		0.00	0.61	0.53	0.48	0.28

December 31, 2024 calculation

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

The debt-to-equity ratio of Glaukos Corp has shown a fluctuating trend over the past five years. The ratio increased from 0.28 in December 2020 to 0.48 in December 2021, indicating a rise in the proportion of debt relative to equity in the company's capital structure. This upward trend continued in December 2022 and December 2023, reaching 0.53 and 0.61, respectively.

However, there was a significant drop in the debt-to-equity ratio to 0.00 in December 2024, which suggests that Glaukos Corp had no debt relative to its equity at that point in time. This could be due to various reasons such as the company paying off its debts, restructuring its capital, or raising additional equity.

Overall, the fluctuating trend in the debt-to-equity ratio of Glaukos Corp indicates varying levels of leverage and financial risk in the company's capital structure over the five-year period. It is important for stakeholders to closely monitor these changes to assess the company's financial health and risk profile.