Inari Medical Inc (NARI)

Financial leverage ratio

		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
Total assets	US$ in thousands	674,235	548,835	524,968	506,534	504,152	487,819	484,262	484,109	311,542	292,427	253,559	234,577	214,092	205,811	224,354
Total stockholders’ equity	US$ in thousands	464,910	452,142	435,645	426,736	417,002	415,099	413,778	418,812	239,209	234,370	221,821	213,611	200,254	191,484	183,870
Financial leverage ratio		1.45	1.21	1.21	1.19	1.21	1.18	1.17	1.16	1.30	1.25	1.14	1.10	1.07	1.07	1.22

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $674,235K ÷ $464,910K
= 1.45

The financial leverage ratio of Inari Medical Inc has been fluctuating over the past eight quarters, ranging from 1.16 to 1.45. The ratio indicates that, on average, the company finances its assets with more debt than equity. There was an increase in the financial leverage ratio in Q4 2023 compared to the prior quarter, reaching 1.45, which suggests a higher reliance on debt to fund its operations. This increase should be carefully monitored as it may indicate a potential increase in financial risk for the company. Overall, a consistent monitoring of the financial leverage ratio is essential for assessing the company's capital structure and risk profile.