Inspire Medical Systems Inc (INSP)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.04 | 0.05 | 0.07 | 0.08 | 0.09 | 0.09 | 0.09 | 0.09 | 0.15 | 0.14 |
| 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 |
| Debt-to-equity ratio | 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 | 0.18 |
| Financial leverage ratio | 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 | 1.30 |
Inspire Medical Systems Inc has consistently maintained a low level of debt relative to its assets, with a debt-to-assets ratio of 0.00% in the most recent period. This indicates that the company relies more on equity financing rather than debt to fund its operations and investments. The debt-to-capital and debt-to-equity ratios also remained at 0.00%, reflecting a conservative capital structure.
The company's financial leverage ratio has shown stability over time, with the most recent period at 1.14. This ratio suggests that the company's assets are financed 114% by equity and 0% by debt. This indicates a lower level of financial risk compared to companies with higher leverage ratios.
Overall, based on these solvency ratios, Inspire Medical Systems Inc appears to have a strong financial position and a conservative approach to capital structure, which may provide stability and resilience in uncertain economic conditions.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | — | — | — | — | -65.94 | -39.44 | -27.55 | -21.53 | -19.82 | -18.87 | -18.72 | -21.17 | -21.19 | -25.97 | -25.97 | -26.75 | -25.83 | -18.55 | -14.67 |
The interest coverage ratio for Inspire Medical Systems Inc has shown varying trends over the given periods. The interest coverage ratio is a measure of a company's ability to meet its interest obligations with its operating income.
From the data provided, it is observed that the interest coverage ratio was negative in some quarters, indicating that the company's operating income was not sufficient to cover its interest expenses. This is a concerning sign as it suggests potential financial distress and difficulty in meeting debt obligations.
The trend shows some improvement in recent periods with the interest coverage ratio moving towards a less negative position. However, the ratio still remains below 0, indicating that the company's operating income is not adequate to cover its interest expenses.
Overall, based on the data available, Inspire Medical Systems Inc has had challenges in generating enough operating income to cover its interest expenses, which may raise concerns about the company's financial stability and ability to manage its debt obligations effectively.