Inspire Medical Systems Inc (INSP)

Debt-to-equity 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-equity ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.06 0.07 0.09 0.10 0.11 0.11 0.11 0.11 0.19

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $689,695K
= 0.00

Inspire Medical Systems Inc's debt-to-equity ratio has shown a declining trend over the period from March 31, 2020, to December 31, 2024. The ratio decreased from 0.19 as of March 31, 2020, to 0.00 as of December 31, 2024. This indicates that the company's reliance on debt to finance its operations has significantly decreased over the years. A decreasing debt-to-equity ratio can be viewed positively as it suggests that the company is becoming less leveraged and more reliant on equity financing. This reduction in debt could potentially improve the company's financial stability and decrease its financial risk. It is important to note that a debt-to-equity ratio of 0.00 indicates that the company has no debt relative to its equity, which can be a strong indicator of financial health and a lower risk profile.