Tandem Diabetes Care Inc (TNDM)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 967,658 | 957,730 | 937,503 | 941,045 | 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 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 been 0.00 across all reported quarters from March 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt financing to fund its operations or acquisitions during these periods. A debt-to-assets ratio of 0.00 implies that the company's total liabilities are negligible in comparison to its total assets, suggesting a relatively low financial risk and strong financial position. Tandem Diabetes Care Inc's ability to maintain a consistently low debt-to-assets ratio may indicate prudent financial management and a focus on using equity financing or other sources of capital to support its business activities.
Peer comparison
Dec 31, 2024