Insulet Corporation (PODD)

Financial leverage ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total assets	US$ in thousands	3,087,700	3,025,400	2,881,600	2,624,000	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
Total stockholders’ equity	US$ in thousands	1,211,600	1,118,000	998,400	790,700	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
Financial leverage ratio		2.55	2.71	2.89	3.32	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

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $3,087,700K ÷ $1,211,600K
= 2.55

The financial leverage ratio of Insulet Corporation has exhibited fluctuations over the reported periods. The trend indicates a general increase from March 2020 to June 2022, followed by a decline until December 2024. The ratio peaked at 18.78 in March 2020, signaling significantly high financial leverage. Subsequently, it decreased to 2.55 by December 2024, suggesting a lower reliance on debt to finance operations.

The company's financial leverage ratio remained relatively stable between June 2020 and September 2021, ranging from 2.87 to 4.19. From September 2021 onwards, the ratio showed a downward trend until the end of the reporting period in December 2024.

Overall, the fluctuations in the financial leverage ratio of Insulet Corporation indicate varying levels of debt utilization over time. It is essential to closely monitor this ratio to assess the company's risk exposure and financial stability, as high leverage can amplify returns but also increase financial distress risks.