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.