Insulet Corporation (PODD)

Financial leverage 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
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
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
Financial leverage ratio 3.53 4.06 4.31 4.55 4.73 5.06 5.00 4.63 3.68 4.01 4.19 3.14 3.10 2.87 2.89 18.78 15.06 8.42 3.91 4.26

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,588,200K ÷ $732,700K
= 3.53

Insulet Corporation's financial leverage ratio has shown a decreasing trend over the past eight quarters, from 5.06 in Q3 2022 to 3.53 in Q4 2023. This indicates a gradual reduction in the company's reliance on debt to finance its operations and growth. A lower financial leverage ratio suggests a lower level of financial risk and potentially better financial stability. However, it is essential to monitor this trend carefully to ensure that the company maintains a healthy balance between debt and equity financing. Overall, the declining financial leverage ratio for Insulet Corporation reflects a positive shift towards a more conservative capital structure.