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.