Tandem Diabetes Care Inc (TNDM)

Debt-to-equity ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	285,035	283,232	281,467	202,984	0
Total stockholders’ equity	US$ in thousands	313,632	439,947	433,112	366,305	194,979
Debt-to-equity ratio		0.91	0.64	0.65	0.55	0.00

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $285,035K ÷ $313,632K
= 0.91

The debt-to-equity ratio of Tandem Diabetes Care Inc has shown an increasing trend over the past five years, indicating a higher reliance on debt relative to equity in financing its operations.

In 2019, the company had no debt, resulting in a debt-to-equity ratio of 0.00, suggesting a capital structure solely reliant on equity. However, in subsequent years, there was a significant shift as the ratio rose to 0.55 in 2020, and continued to increase to 0.65 in 2021 and 0.64 in 2022, reaching 0.91 in 2023.

This escalating trend in the debt-to-equity ratio may imply that Tandem Diabetes Care Inc has been taking on more debt to fund its growth or operations, potentially increasing its financial leverage and risk profile. Investors and stakeholders may want to closely monitor the company's ability to manage its debt levels and ensure sustainable growth in the long term.