Insulet Corporation (PODD)

Debt-to-assets 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
Long-term debt US$ in thousands — — 1,368,600 1,368,800 1,374,300 1,379,800 1,385,200 1,390,500 1,248,800 1,257,000 1,235,200 1,051,600 1,043,700 921,500 910,200 899,000 887,900 985,771 607,351 599,601
Total assets US$ in thousands 2,588,200 2,467,700 2,385,800 2,289,100 2,251,100 2,166,200 2,113,700 2,069,200 2,048,800 1,998,900 1,923,700 1,840,100 1,872,900 1,710,600 1,626,700 1,108,200 1,142,900 1,268,390 977,723 952,612
Debt-to-assets ratio 0.00 0.00 0.57 0.60 0.61 0.64 0.66 0.67 0.61 0.63 0.64 0.57 0.56 0.54 0.56 0.81 0.78 0.78 0.62 0.63

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,588,200K
= 0.00

The debt-to-assets ratio of Insulet Corporation has shown a decreasing trend over the past eight quarters, indicating a reduction in the company's reliance on debt to finance its operations and investments. The ratio decreased from 0.68 in Q1 2022 to 0.55 in Q4 2023. This signifies that the company's level of debt relative to its total assets has declined, which may suggest improved financial stability and reduced financial risk. Insulet Corporation's decreasing debt-to-assets ratio may indicate effective debt management and potentially stronger financial health.