Inspire Medical Systems Inc (INSP)

Financial leverage ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total assets	US$ in thousands	808,383	676,811	564,876	295,084	281,189
Total stockholders’ equity	US$ in thousands	689,695	572,514	496,008	229,048	229,747
Financial leverage ratio		1.17	1.18	1.14	1.29	1.22

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $808,383K ÷ $689,695K
= 1.17

The financial leverage ratio of Inspire Medical Systems Inc has shown some fluctuations over the years. In 2020, the ratio was 1.22, indicating that the company relied on debt to finance its operations by 1.22 times more than equity. By the end of 2021, the ratio increased to 1.29, suggesting a higher level of financial leverage. However, in 2022, the ratio decreased to 1.14, indicating a reduction in reliance on debt financing compared to the previous year. In 2023, the ratio slightly increased to 1.18, showing a modest uptick in financial leverage. Finally, by the end of 2024, the ratio remained relatively stable at 1.17, indicating a consistent level of financial leverage during that period. Overall, the company's financial leverage ratio has demonstrated some variations, but it has generally remained within a moderate range, with a slight upward trend in recent years.