Inspire Medical Systems Inc (INSP)

Current ratio

		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	Dec 31, 2019
Total current assets	US$ in thousands	582,520	607,160	572,214	593,739	569,591	560,076	533,578	530,032	495,544	263,133	262,477	268,537	255,495	249,494	260,784	269,869	266,923	267,108	155,431	170,636
Total current liabilities	US$ in thousands	74,264	65,657	72,172	78,105	69,995	66,687	59,868	61,186	49,291	46,853	43,168	41,307	33,591	24,350	19,422	20,725	18,198	13,042	13,717	16,856
Current ratio		7.84	9.25	7.93	7.60	8.14	8.40	8.91	8.66	10.05	5.62	6.08	6.50	7.61	10.25	13.43	13.02	14.67	20.48	11.33	10.12

September 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $582,520K ÷ $74,264K
= 7.84

The current ratio of Inspire Medical Systems Inc has shown fluctuations over the past few quarters, ranging from a low of 5.62 to a high of 20.48. The current ratio measures the company's ability to meet its short-term obligations with its current assets, with higher values indicating a stronger liquidity position.

The current ratio has been generally healthy, consistently above 1.0. A current ratio above 1.0 indicates that the company has more current assets than current liabilities, suggesting it should be able to cover its short-term financial obligations.

The current ratio for the most recent quarter, at 7.84, has decreased compared to the previous quarter's 9.25, but is still at a relatively strong level. It is important to monitor the trend of the current ratio over time to ensure that the company maintains a healthy liquidity position.