Inspire Medical Systems Inc (INSP)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 689,695 | 572,514 | 496,008 | 229,048 | 229,747 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.06 | 0.10 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $689,695K)
= 0.00
The debt-to-capital ratio of Inspire Medical Systems Inc has exhibited a decreasing trend over the past five years. As of December 31, 2020, the ratio stood at 0.10, indicating that 10% of the company's capital structure was financed through debt. By the end of 2021, the ratio had declined to 0.06, suggesting a reduction in the reliance on debt financing. Notably, from December 31, 2022, to December 31, 2024, the debt-to-capital ratio remained at 0.00, implying that the company had effectively eliminated its debt component in relation to its total capital. This trend could signify a strong financial position and effective capital management by Inspire Medical Systems Inc, potentially enhancing investor confidence and financial stability.
Peer comparison
Dec 31, 2024