Insulet Corporation (PODD)

Debt-to-equity 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-equity ratio		0.00	0.00	2.47	2.72	2.88	3.22	3.28	3.11	2.24	2.52	2.69	1.80	1.73	1.55	1.62	15.24	11.70	6.55	2.43	2.68

December 31, 2023 calculation

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

Insulet Corporation's debt-to-equity ratio has been fluctuating over the past eight quarters, ranging from 1.93 to 3.34. A higher debt-to-equity ratio indicates a higher level of financial leverage and indicates that the company is relying more on debt to finance its operations compared to equity.

The trend in Insulet Corporation's debt-to-equity ratio shows an overall increase over the past two years, which could suggest a growing reliance on debt financing to support its operations and growth initiatives. This trend may raise concerns about the company's financial stability and ability to meet its debt obligations in the long term.

It is important for investors and stakeholders to monitor the company's debt levels closely to ensure the company is maintaining a healthy balance between debt and equity financing. Additionally, management should consider strategies to manage and reduce debt levels to mitigate financial risks and maintain a strong financial position.