Insulet Corporation (PODD)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	732,700	607,500	553,900	502,800	476,400	428,000	422,400	446,700	556,300	497,900	459,100	585,300	603,600	595,000	563,300	59,000	75,900	150,600	249,800	223,600
Debt-to-capital ratio		0.00	0.00	0.71	0.73	0.74	0.76	0.77	0.76	0.69	0.72	0.73	0.64	0.63	0.61	0.62	0.94	0.92	0.87	0.71	0.73

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $732,700K)
= 0.00

The debt-to-capital ratio of Insulet Corporation has been gradually decreasing over the past few quarters, which indicates improvements in the company's capital structure. The ratio stood at 0.66 in Q4 2023, decreasing from 0.77 in Q3 2022. This downward trend suggests that Insulet Corporation has been reducing its reliance on debt financing in relation to its total capital, which can enhance its financial stability and reduce financial risk. Overall, the declining debt-to-capital ratio reflects a positive trend in Insulet Corporation's financial health and management of its capital structure.