Insulet Corporation (PODD)
Current ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,891,300 | 1,860,900 | 1,731,100 | 1,601,600 | 1,566,300 | 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 |
| Total current liabilities | US$ in thousands | 528,400 | 506,200 | 486,000 | 432,400 | 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 |
| Current ratio | 3.58 | 3.68 | 3.56 | 3.70 | 3.47 | 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 |
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 exhibited fluctuations over the past few years, reflecting changes in its short-term liquidity position. The current ratio, which measures the company's ability to meet its short-term obligations with its current assets, ranged from a high of 8.08 in June 2020 to a low of 3.26 in September 2023.
During the most recent periods, the current ratio has hovered around 3.5 to 6, indicating that Insulet Corporation generally has sufficient current assets to cover its current liabilities. However, there has been a slight downward trend observed in the most recent quarters, with the current ratio declining from 5.98 in March 2022 to 3.58 in December 2024. This trend suggests a potential decrease in the company's liquidity position or an increase in its short-term obligations relative to its current assets.
Overall, while Insulet Corporation has maintained a relatively healthy current ratio above 1, indicating short-term solvency, stakeholders should monitor future changes in the ratio to assess the company's ability to meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024