Inspire Medical Systems Inc (INSP)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	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	139,835
Debt-to-capital ratio		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	0.15

September 30, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $696,562K)
= 0.00

The debt-to-capital ratio of Inspire Medical Systems Inc has been consistently low over the past years, indicating a conservative capital structure with minimal reliance on debt to finance its operations and growth. This ratio has shown stability at 0.00 for the most recent quarters, suggesting that the company's debt levels are negligible compared to its total capital. However, there was a slight increase in the ratio from 0.04 in June 2022 to 0.16 in March 2020, but since then, the company has managed to bring it back down.

Overall, the low debt-to-capital ratio reflects Inspire Medical Systems' sound financial position and ability to fund its activities without excessive leverage. This conservative approach to financing may provide flexibility and reduce financial risks for the company in the long term.