Inspire Medical Systems Inc (INSP)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | 15,799 | 24,746 | 24,522 |
| Total assets | US$ in thousands | 676,811 | 564,876 | 295,084 | 281,189 | 181,253 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.05 | 0.09 | 0.14 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $676,811K
= 0.00
The debt-to-assets ratio for Inspire Medical Systems Inc has shown a declining trend over the past five years. As of December 31, 2023, the company had a debt-to-assets ratio of 0.00, indicating that the company had no debt relative to its total assets. This represents a significant improvement compared to the ratios of 0.00 in 2022, 0.05 in 2021, 0.09 in 2020, and 0.14 in 2019.
A decreasing debt-to-assets ratio suggests that the company has been reducing its reliance on debt to finance its operations and investments. A lower ratio indicates a lower financial risk for the company, as it has more of its assets financed by equity rather than debt.
Overall, the downward trend in Inspire Medical Systems Inc's debt-to-assets ratio reflects a prudent approach to managing its capital structure and financial risk, potentially boosting investor confidence in the company's financial health and stability.
Peer comparison
Dec 31, 2023