Inari Medical Inc (NARI)

Debt-to-capital ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	—	—	—	—
Total stockholders’ equity	US$ in thousands	464,910	417,002	239,209	200,254
Debt-to-capital ratio		0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $464,910K)
= 0.00

Based on the data provided, the debt-to-capital ratio of Inari Medical Inc has consistently been 0.00 for the past four years, including December 31 of 2023, 2022, 2021, and 2020. A debt-to-capital ratio of 0.00 indicates that the company has not utilized any debt in its capital structure during these years. This may suggest that Inari Medical Inc has been primarily financing its operations and growth using equity capital rather than debt financing. It also implies that the company is not reliant on borrowing to fund its operations or expansion efforts, which may be viewed positively by investors and creditors. However, it is important to note that while a low debt-to-capital ratio can signal financial stability, a certain level of debt can also be beneficial for optimizing capital structure and capital allocation strategies.