Tandem Diabetes Care Inc (TNDM)
Debt-to-equity ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 263,098 | 313,632 | 439,947 | 433,112 | 366,305 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $263,098K
= 0.00
The debt-to-equity ratio for 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 financing to support its operations and growth, relying solely on equity financing. A debt-to-equity ratio of 0.00 typically suggests a conservative financial structure, with lower financial risk as there is no debt to repay. However, it is important to note that a very low debt-to-equity ratio may also mean missed opportunities for leveraging debt for potential growth and tax advantages. In Tandem Diabetes Care Inc's case, its consistent 0.00 debt-to-equity ratio may reflect a deliberate strategic decision to maintain a conservative capital structure.
Peer comparison
Dec 31, 2024