Inspire Medical Systems Inc (INSP)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 630,806 | 593,739 | 530,032 | 268,537 | 269,869 |
| Total current liabilities | US$ in thousands | 88,501 | 78,105 | 61,186 | 41,307 | 20,725 |
| Current ratio | 7.13 | 7.60 | 8.66 | 6.50 | 13.02 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $630,806K ÷ $88,501K
= 7.13
The current ratio of Inspire Medical Systems Inc has shown a declining trend over the years, dropping from 13.02 in December 2020 to 7.13 in December 2024. Although the current ratio remains above 1 in all years, indicating the company's ability to meet its short-term obligations with its current assets, the decreasing trend suggests potential liquidity concerns. A current ratio of 7.13 in December 2024 indicates that the company had $7.13 in current assets for every $1 in current liabilities, which may raise caution regarding its liquidity position and ability to cover short-term debts. Further monitoring and analysis of the company's liquidity management may be advisable to ensure financial stability and operational efficiency.
Peer comparison
Dec 31, 2024