Tandem Diabetes Care Inc (TNDM)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 724,491 | 747,989 | 849,976 | 811,520 | 637,235 |
| Total current liabilities | US$ in thousands | 247,049 | 195,258 | 165,290 | 131,856 | 103,852 |
| Current ratio | 2.93 | 3.83 | 5.14 | 6.15 | 6.14 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $724,491K ÷ $247,049K
= 2.93
The current ratio of Tandem Diabetes Care Inc has shown a declining trend over the years, standing at 6.14 on December 31, 2020, and 6.15 on December 31, 2021, before decreasing to 5.14 on December 31, 2022. Further decline was observed with the ratio dropping to 3.83 on December 31, 2023, and to 2.93 on December 31, 2024. This indicates that the company's ability to meet its short-term obligations with its current assets has weakened progressively. A current ratio below 2 may raise concerns about liquidity and the firm's ability to handle its short-term financial obligations. It would be advisable for stakeholders and investors to closely monitor this trend in the company's liquidity position.
Peer comparison
Dec 31, 2024