Tandem Diabetes Care Inc (TNDM)

Current 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 current assets US$ in thousands 724,491 752,826 733,388 735,193 747,989 758,144 764,304 757,919 849,976 834,303 835,044 818,464 811,520 754,947 698,285 661,696 637,235 592,293 539,679 280,873
Total current liabilities US$ in thousands 247,049 259,276 240,610 192,971 195,258 187,110 174,655 171,157 165,290 173,630 139,259 131,815 131,856 119,650 108,723 103,410 103,852 105,506 114,307 99,647
Current ratio 2.93 2.90 3.05 3.81 3.83 4.05 4.38 4.43 5.14 4.81 6.00 6.21 6.15 6.31 6.42 6.40 6.14 5.61 4.72 2.82

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 from March 31, 2020, where it stood at 2.82, to December 31, 2024, where it decreased to 2.93. This ratio indicates the company's ability to meet its short-term obligations with its current assets.

Over the period analyzed, the current ratio generally increased and peaked at 6.42 on June 30, 2021. This indicates that Tandem Diabetes Care Inc had more than enough current assets to cover its current liabilities at that point in time. However, from September 30, 2021 onwards, there has been a consistent decline in the current ratio, dropping below 5.0 by June 30, 2022.

The decreasing trend in the current ratio may suggest potential liquidity challenges or inefficiencies in managing current assets and liabilities. It is important for the company to closely monitor its liquidity position to ensure it can meet its short-term obligations in a timely manner. Further analysis of the company's current assets and liabilities would be needed to assess the underlying reasons for the declining current ratio.