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.
Peer comparison
Dec 31, 2023