Inspire Medical Systems Inc (INSP)

Debt-to-assets 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
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
Total assets US$ in thousands 808,383 796,194 728,389 685,842 676,811 639,494 618,246 571,847 564,876 527,523 292,002 289,720 295,084 278,894 272,208 273,413 281,189 271,784 271,308 165,736
Debt-to-assets ratio 0.00 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

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 been consistently declining over the years, indicating a stronger financial position and lower reliance on debt to fund its operations and investments. As of December 31, 2024, the debt-to-assets ratio stands at 0.00, suggesting that the company has effectively managed its debt levels, with no debt reported relative to its total assets. This signifies a low risk of financial distress due to debt obligations and implies that the company's assets are primarily funded by equity, which can provide stability and flexibility in its financial operations. Overall, the decreasing trend in the debt-to-assets ratio reflects prudent financial management and a healthy balance sheet structure for Inspire Medical Systems Inc.