Glaukos Corp (GKOS)

Solvency ratios

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Debt-to-assets ratio 0.00 0.06 0.06 0.30 0.30 0.30 0.29 0.29 0.28 0.28 0.27 0.27 0.27 0.26 0.00 0.00 0.19 0.19 0.18 0.00
Debt-to-capital ratio 0.00 0.08 0.08 0.39 0.38 0.37 0.37 0.36 0.35 0.34 0.33 0.32 0.32 0.32 0.00 0.00 0.22 0.22 0.22 0.00
Debt-to-equity ratio 0.00 0.08 0.09 0.63 0.61 0.59 0.58 0.55 0.53 0.51 0.50 0.47 0.48 0.47 0.00 0.00 0.28 0.28 0.28 0.00
Financial leverage ratio 1.27 1.39 1.38 2.07 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

The solvency ratios of Glaukos Corp indicate the company's ability to meet its long-term financial obligations.

1. Debt-to-assets ratio: This ratio has been relatively stable, ranging from 0.00 to 0.30 over the past few years. A lower debt-to-assets ratio suggests lower financial risk as less of the company's assets are financed by debt. However, the ratio has been gradually increasing, reaching 0.30 by the end of December 2024.

2. Debt-to-capital ratio: The trend in the debt-to-capital ratio shows an increasing level of leverage over time. The ratio has risen from 0.00 in March 2020 to 0.39 in March 2024, indicating a higher proportion of debt in the company's capital structure.

3. Debt-to-equity ratio: Similarly, the debt-to-equity ratio has been on the rise, starting at 0.00 in March 2020 and reaching 0.63 by March 2024. This indicates that the company is relying more on debt financing relative to equity, which can increase financial risk.

4. Financial leverage ratio: The financial leverage ratio, which measures the company's debt relative to its equity, has also shown an upward trend over the years. Starting at 1.22 in March 2020, the ratio increased to 2.07 by March 2024. A higher financial leverage ratio implies higher financial risk and a greater dependence on debt financing.

Overall, the increasing trend in these solvency ratios suggests that Glaukos Corp has been taking on more debt to support its operations and growth. This could lead to higher financial risk, especially if the company faces economic challenges or interest rate increases in the future. Investors and creditors should monitor these solvency ratios closely to assess the company's long-term financial health.

Coverage ratios

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Interest coverage -11.98 -10.50 -9.34 -9.24 -8.81 -8.42 -8.14 -9.09 -6.17 -5.52 -3.08 -1.02 -2.68 -1.83 -2.83 -4.75 -8.06 -13.87 -25.70 -29.30

The interest coverage ratio for Glaukos Corp has been consistently negative over the years, indicating that the company's operating income is insufficient to cover its interest expenses. The trend shows a gradual improvement in the interest coverage ratio from March 31, 2023 to December 31, 2024, albeit remaining in negative territory. However, despite this improvement, the company still faces challenges in meeting its interest obligations from its operating profits. It's important for investors and creditors to closely monitor Glaukos Corp's ability to generate enough earnings to cover its interest expenses to ensure its financial health and sustainability in the long term.