Insulet Corporation (PODD)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
The solvency ratios of Insulet Corporation demonstrate a consistently strong financial position in terms of debt management and leverage. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all remained at 0.00 since March 2020 through December 2024, indicating that the company has not utilized debt significantly to finance its operations or investments.
Furthermore, the Financial leverage ratio, which reflects the extent to which the company relies on debt, has shown a decreasing trend over the period, starting at 18.78 in March 2020 and steadily declining to 2.55 by December 2024. This decreasing trend suggests that the company has been reducing its reliance on debt as a source of financing, which is a positive sign for its long-term financial stability.
Overall, based on the solvency ratios provided, Insulet Corporation appears to have a strong solvency position, with minimal debt levels and a decreasing financial leverage ratio, indicating its ability to meet its financial obligations and withstand potential financial challenges efficiently.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 8.49 | 8.62 | 10.58 | 13.69 | 12.05 | 10.29 | 5.03 | 1.54 | 1.73 | 1.62 | 1.88 | 1.88 | 1.34 | 0.48 | 0.40 | 1.30 | 1.28 | 1.95 | 1.66 | 1.34 |
Insulet Corporation's interest coverage ratio fluctuated over the periods analyzed. The interest coverage ratio, which indicates a company's ability to pay its interest expenses on outstanding debt, showed a declining trend from June 2021 to September 2021, reaching its lowest point during that period at 0.40. However, the ratio improved in the following quarters, showing signs of recovery.
The interest coverage ratio increased significantly from June 2023 to December 2024, indicating a positive trend in the company's ability to cover its interest payments with its operating income. The ratio peaked at 13.69 in March 2024, suggesting a strong financial position and robust earnings relative to its interest expenses during that period.
Overall, it is essential for Insulet Corporation to maintain a healthy interest coverage ratio to ensure it can meet its interest obligations comfortably. The recent improvement in the ratio shows positive signs for the company's financial health and ability to manage its debt effectively.