Inspire Medical Systems Inc (INSP)

Current ratio

		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
Total current assets	US$ in thousands	630,806	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
Total current liabilities	US$ in thousands	88,501	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
Current ratio		7.13	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

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 fluctuations over the years based on the provided data. As of December 31, 2024, the company's current ratio stands at 7.13.

The current ratio measures a company's ability to cover its short-term obligations with its current assets. A higher current ratio indicates a stronger liquidity position, as it reflects the company has more current assets to cover its current liabilities.

From the data, we can observe that the current ratio has generally been at healthy levels above 1, implying that Inspire Medical Systems Inc has had sufficient current assets to meet its short-term liabilities. However, the ratio has seen some variability, with peaks at 20.48 in June 2020 and a gradual decline thereafter.

The current ratio declining to 7.13 by December 31, 2024, from its peak values, may suggest a potential decrease in liquidity or an increase in short-term liabilities relative to current assets. It is important for investors and stakeholders to monitor this ratio over time to assess the company's ability to manage its short-term financial obligations effectively.