Insulet Corporation (PODD)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 1,374,300 | 1,248,800 | 1,043,700 | 887,900 |
| Total stockholders’ equity | US$ in thousands | 732,700 | 476,400 | 556,300 | 603,600 | 75,900 |
| Debt-to-equity ratio | 0.00 | 2.88 | 2.24 | 1.73 | 11.70 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $732,700K
= 0.00
The debt-to-equity ratio of Insulet Corporation has fluctuated over the past five years. The ratio was highest in 2019 at 11.70, indicating a significant reliance on debt financing relative to equity. This may raise concerns about the company's financial stability and ability to meet its debt obligations.
In the following years, the ratio decreased to 1.75 in 2020, but then increased to 2.29 in 2021 and further to 2.94 in 2022. These increases suggest a higher level of debt compared to equity, which could increase financial risk and negatively impact the company's overall financial health.
However, in 2023, the ratio decreased to 1.93, which could indicate a slight improvement in the company's financial leverage and a lower reliance on debt financing. It is important for investors and stakeholders to monitor this ratio to assess the company's capital structure and financial risk management.
Peer comparison
Dec 31, 2023