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 | ||
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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