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.