Inspire Medical Systems Inc (INSP)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | 15,799 | 24,746 |
| Total assets | US$ in thousands | 808,383 | 676,811 | 564,876 | 295,084 | 281,189 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.05 | 0.09 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $808,383K
= 0.00
The debt-to-assets ratio of Inspire Medical Systems Inc has shown a decreasing trend over the years, dropping from 0.09 as of December 31, 2020, to 0.05 as of December 31, 2021, and subsequently declining to 0.00 as of December 31, 2022, 2023, and 2024. A debt-to-assets ratio of 0.00 indicates that the company has no debt relative to its total assets, which suggests that the company is primarily financed through equity rather than debt. This can be a positive sign for investors and creditors as it signifies a strong financial position and lower financial risk associated with debt obligations. It also implies that the company may have sufficient internal resources to fund its operations and growth without relying heavily on external borrowing.
Peer comparison
Dec 31, 2024