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.


Peer comparison

Dec 31, 2023