Glaukos Corp (GKOS)

Debt-to-equity 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-equity ratio		0.61	0.59	0.58	0.55	0.53	0.51	0.50	0.47	0.48	0.47	0.00	0.00	0.28	0.28	0.28	0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $282,773K ÷ $461,766K
= 0.61

The debt-to-equity ratio of Glaukos Corporation has been trending upwards over the past eight quarters, from 0.59 in Q1 2022 to 0.77 in Q4 2023. This indicates that the proportion of debt in the company's capital structure has been increasing relative to equity. A higher debt-to-equity ratio suggests that the company is relying more on debt to finance its operations and growth, which can pose risks in terms of financial leverage and interest obligations. It is important for investors and stakeholders to closely monitor this trend and assess the company's ability to manage its debt levels effectively.