Glaukos Corp (GKOS)

Financial leverage 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
Total assets	US$ in thousands	940,414	948,634	956,740	972,592	1,002,380	1,008,470	1,031,280	1,052,070	1,049,700	1,064,130	1,043,720	1,022,780	1,005,500	994,514	995,733	779,720	818,400	307,436	302,085	228,035
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
Financial leverage ratio		2.04	1.99	1.96	1.91	1.89	1.84	1.83	1.76	1.79	1.77	1.79	1.73	1.51	1.50	1.50	1.22	1.22	1.62	1.61	1.23

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 gradual increasing trend over the past eight quarters, ranging from 1.76 in Q1 2022 to 2.04 in Q4 2023. This indicates that the company is increasingly relying on debt to finance its operations and growth. A higher financial leverage ratio implies a higher proportion of debt in the company's capital structure, which can lead to increased financial risk due to higher interest expenses and potential volatility in earnings. It is important for investors and stakeholders to closely monitor this trend and assess the company's ability to manage its debt levels effectively to avoid potential financial distress in the future.