Insulet Corporation (PODD)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,891,300 | 1,582,900 | 1,314,000 | 1,329,800 | 1,248,700 |
| Total current liabilities | US$ in thousands | 528,400 | 451,200 | 364,700 | 228,800 | 207,800 |
| Current ratio | 3.58 | 3.51 | 3.60 | 5.81 | 6.01 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,891,300K ÷ $528,400K
= 3.58
Insulet Corporation's current ratio has shown a declining trend over the past five years, decreasing from 6.01 in December 2020 to 3.58 in December 2024. Despite the decreasing trend, the current ratio remains above 1, indicating that the company has sufficient current assets to cover its current liabilities. However, the downward trend may suggest a potential liquidity risk, as the company's ability to meet its short-term obligations has weakened over the years. Insulet Corporation should closely monitor its current ratio and take appropriate measures to ensure adequate liquidity levels in the future.
Peer comparison
Dec 31, 2024