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.


Peer comparison

Dec 31, 2023