Inspire Medical Systems Inc (INSP)

Debt-to-assets 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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	9,795	12,798	15,799	18,799	21,801	24,804	24,746	24,689	24,632	24,576	24,522
Total assets	US$ in thousands	796,194	728,389	685,842	676,811	639,494	618,246	571,847	564,876	527,523	292,002	289,720	295,084	278,894	272,208	273,413	281,189	271,784	271,308	165,736	181,253
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.03	0.04	0.05	0.07	0.08	0.09	0.09	0.09	0.09	0.15	0.14

September 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $796,194K
= 0.00

The debt-to-assets ratio of Inspire Medical Systems Inc has been relatively stable at low levels, indicating a conservative approach to financing its operations. The ratio remained at 0.00 in the most recent quarter, signaling that the company has no debt relative to its total assets. This suggests that the company relies more on equity financing rather than debt to fund its operations and expansion.

However, a slight uptrend can be observed from the past quarters where the ratio stood at 0.03 in June 2022, 0.04 in March 2022, and increased to 0.15 in December 2019. This could signify that the company may have taken on some debt gradually over the quarters, although the overall debt levels remain relatively low compared to its total assets.

It is essential for investors and stakeholders to monitor this trend in the debt-to-assets ratio to assess how Inspire Medical Systems Inc is managing its debt obligations and financial risk while considering its overall financial stability and growth prospects.