Glaukos Corp (GKOS)

Financial leverage ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total assets	US$ in thousands	940,414	1,002,380	1,049,700	1,005,500	818,400
Total stockholders’ equity	US$ in thousands	461,766	530,005	587,151	667,449	673,272
Financial leverage ratio		2.04	1.89	1.79	1.51	1.22

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $940,414K ÷ $461,766K
= 2.04

The financial leverage ratio of Glaukos Corporation has shown a consistent increase over the past five years. The ratio has grown from 1.22 in 2019 to 2.04 in 2023. This indicates that the company has been relying more on debt financing compared to equity financing to support its operations and growth. A higher financial leverage ratio suggests that the company is more leveraged and potentially carries a higher level of financial risk. It is important for investors and stakeholders to closely monitor this trend to assess the company's ability to manage its debt levels effectively and sustain its financial health in the long term.