Insulet Corporation (PODD)

Current 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	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	1,582,900	1,471,100	1,421,500	1,330,000	1,314,000	1,329,100	1,309,100	1,285,400	1,329,800	1,306,900	1,252,900	1,191,800	1,248,700	1,160,400	1,085,700	541,300	591,000	793,901	498,807	496,382
Total current liabilities	US$ in thousands	451,200	451,400	425,000	383,300	364,700	334,200	279,300	215,000	228,800	228,600	213,300	185,500	207,800	175,200	134,400	130,400	157,700	113,282	105,773	113,973
Current ratio		3.51	3.26	3.34	3.47	3.60	3.98	4.69	5.98	5.81	5.72	5.87	6.42	6.01	6.62	8.08	4.15	3.75	7.01	4.72	4.36

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,582,900K ÷ $451,200K
= 3.51

Insulet Corporation's current ratio has been fluctuating over the past eight quarters, as evidenced by the data presented. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates a stronger position to meet short-term obligations.

The current ratio for Insulet Corporation ranged from 3.26 to 5.98 during the period from Q1 2022 to Q4 2023. The company's lowest current ratio of 3.26 was recorded in Q3 2023, while the highest was 5.98 in Q1 2022.

A trend analysis shows a general decline in the current ratio from Q1 2022 to Q3 2023, which indicates a potential decrease in the company's liquidity and ability to cover short-term obligations over this period. However, the current ratio rebounded to 3.51 in Q4 2023, suggesting an improvement in the company's short-term liquidity position.

Overall, while the current ratio for Insulet Corporation has fluctuated over the past eight quarters, it remains above 1, indicating that the company has sufficient current assets to cover its short-term liabilities. Analyzing the current ratio in conjunction with other liquidity ratios and factors impacting the company's financial health will provide a more comprehensive assessment of its liquidity position.