Glaukos Corp (GKOS)

Financial leverage ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Total assets US$ in thousands 974,756 940,414 1,002,380 1,049,700 1,005,500
Total stockholders’ equity US$ in thousands 766,931 461,766 530,005 587,151 667,449
Financial leverage ratio 1.27 2.04 1.89 1.79 1.51

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $974,756K ÷ $766,931K
= 1.27

The financial leverage ratio of Glaukos Corp has shown a general increasing trend over the past five years. Starting at 1.51 on December 31, 2020, the ratio steadily increased to 1.79 by December 31, 2021, and further to 1.89 by December 31, 2022. This upward trend continued, reaching 2.04 by December 31, 2023, signifying an increase in the company's reliance on debt financing relative to equity. However, there was a sudden decrease in the financial leverage ratio to 1.27 by December 31, 2024, which may indicate a reduction in the company's debt levels or an increase in equity. Overall, the trend suggests varying levels of leverage employed by Glaukos Corp during the period, highlighting the importance of monitoring the company's capital structure and debt management strategies.