Insulet Corporation (PODD)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 953,400 | 902,600 | 715,500 | 696,900 | 650,700 | 685,400 | 660,100 | 620,700 | 674,700 | 722,000 | 708,600 | 709,600 | 791,600 | 857,100 | 872,100 | 850,200 | 947,600 | 896,700 | 844,400 | 321,600 |
| Short-term investments | US$ in thousands | — | — | 105,500 | 54,300 | 53,500 | 104,700 | 103,300 | 102,000 | 50,800 | 50,400 | 50,000 | — | 0 | 500 | 17,500 | 29,500 | 40,400 | 58,600 | 65,300 | 120,200 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 1.80 | 1.78 | 1.69 | 1.74 | 1.56 | 1.75 | 1.80 | 1.89 | 1.99 | 2.31 | 2.72 | 3.30 | 3.46 | 3.75 | 4.17 | 4.74 | 4.75 | 5.45 | 6.77 | 3.39 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($953,400K
+ $—K
+ $—K)
÷ $528,400K
= 1.80
The quick ratio of Insulet Corporation has shown a general declining trend from March 31, 2020, to December 31, 2024. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, started at a strong level of 3.39 on March 31, 2020, indicating the company had $3.39 in liquid assets available to cover each dollar of current liabilities.
However, the quick ratio increased significantly to 6.77 on June 30, 2020, suggesting a temporary improvement in the company's liquidity position. Subsequently, the ratio fluctuated but generally declined, reaching a low of 1.56 on December 31, 2023, before slightly recovering to 1.80 on December 31, 2024.
The downward trend in the quick ratio could indicate a potential liquidity concern for Insulet Corporation. A ratio below 1 suggests the company may have difficulty meeting its short-term obligations using its liquid assets alone. Therefore, management may need to carefully monitor and improve the company's liquidity position to ensure it can meet its financial obligations in a timely manner.
Peer comparison
Dec 31, 2024