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 | ||
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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