Inspire Medical Systems Inc (INSP)

Financial leverage 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
Total assets US$ in thousands 808,383 796,194 728,389 685,842 676,811 639,494 618,246 571,847 564,876 527,523 292,002 289,720 295,084 278,894 272,208 273,413 281,189 271,784 271,308 165,736
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
Financial leverage ratio 1.17 1.14 1.14 1.16 1.18 1.18 1.17 1.13 1.14 1.12 1.29 1.29 1.29 1.27 1.24 1.23 1.22 1.19 1.16 1.30

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 fluctuation over the past five years, ranging from a low of 1.12 to a high of 1.30. A financial leverage ratio of 1 indicates that the company's assets are financed equally by debt and equity.

The trend in the financial leverage ratio indicates that the company's level of debt relative to equity has varied over time. A ratio below 1 suggests that the company is relying more on equity financing, while a ratio above 1 indicates a higher reliance on debt financing.

From the data provided, it appears that Inspire Medical Systems Inc has generally maintained a reasonable balance between debt and equity financing, with some slight fluctuations observed. It would be important to further investigate the reasons behind these fluctuations to assess the overall financial health and risk profile of the company.