Inspire Medical Systems Inc (INSP)

Debt-to-capital 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 stockholders’ equity US$ in thousands 689,695 696,562 638,071 589,024 572,514 544,180 529,359 504,648 496,008 470,204 226,984 225,055 229,048 220,300 219,914 223,131 229,747 228,823 233,594 127,403
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.05 0.06 0.08 0.09 0.10 0.10 0.10 0.10 0.16

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 been declining steadily over the past few years, indicating a decreasing reliance on debt financing relative to total capital. As of December 31, 2024, the ratio stands at 0.00, suggesting that the company has no debt relative to its capital structure at that point in time. This trend implies that Inspire Medical Systems Inc has been effectively managing its debt levels and shifting towards a more conservative financial position. A lower debt-to-capital ratio typically signifies lower financial risk and better financial health for the company. Investors and stakeholders may view this trend positively as it indicates improved solvency and stability in the company's financial structure.