Tandem Diabetes Care Inc (TNDM)

Debt-to-assets 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
Long-term debt	US$ in thousands	285,035	284,580	284,128	283,679	283,232	282,787	282,345	281,905	281,467	281,032	280,599	280,168	202,984	199,120	195,344	—	0	—	—	—
Total assets	US$ in thousands	952,658	939,909	946,676	954,145	1,052,780	1,047,520	1,036,580	1,015,280	905,137	850,279	795,250	754,273	716,415	672,988	616,239	343,327	326,110	292,647	255,081	214,698
Debt-to-assets ratio		0.30	0.30	0.30	0.30	0.27	0.27	0.27	0.28	0.31	0.33	0.35	0.37	0.28	0.30	0.32	0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $285,035K ÷ $952,658K
= 0.30

The debt-to-assets ratio of Tandem Diabetes Care Inc has been consistent at 0.30 for the most recent four quarters, showing that the company's level of debt in relation to its total assets has remained stable during this period. Comparing this to the previous year, there has been a slight increase from 0.27 in Q4 2022 to 0.28 in Q1 2022.

A debt-to-assets ratio of 0.30 means that 30% of the company's assets are financed through debt, while the remaining 70% are financed through equity. This ratio indicates that Tandem Diabetes Care Inc has a moderate level of leverage, which can be beneficial for growth opportunities or investment activities. However, it also suggests that the company relies on a significant portion of debt to fund its operations and investments, which may increase financial risk in the event of economic downturns or fluctuations in interest rates.

Overall, the consistent debt-to-assets ratio of 0.30 over the recent quarters reflects Tandem Diabetes Care Inc's stable capital structure and prudent management of debt levels. Further analysis of the company's debt maturity schedule and interest coverage ratio would provide additional insights into its financial health and ability to meet its debt obligations.