Tandem Diabetes Care Inc (TNDM)

Debt-to-assets ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands — — — — —
Total assets US$ in thousands 967,658 952,658 1,052,780 905,137 716,415
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $967,658K
= 0.00

The debt-to-assets ratio of Tandem Diabetes Care Inc has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 implies that the company's assets are primarily financed by equity rather than debt, which can be perceived positively in terms of financial stability and solvency. This implies that the company may have a strong financial position with low financial risk and may not be highly leveraged.