Tandem Diabetes Care Inc (TNDM)

Debt-to-capital 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 stockholders’ equity US$ in thousands 263,098 237,710 233,875 243,064 313,632 314,000 329,234 338,753 439,947 421,822 449,584 437,382 433,112 389,654 346,085 313,414 366,305 326,544 267,704 207,176
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $263,098K)
= 0.00

The debt-to-capital ratio of Tandem Diabetes Care Inc has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not used any debt financing relative to its total capital during this period. A debt-to-capital ratio of 0.00 signifies that the company's capital structure is primarily funded by equity rather than debt. From a financial standpoint, a lower debt-to-capital ratio suggests lower financial risk and potential for financial stability, as the company is not reliant on borrowed funds to support its operations and growth.