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.