Tandem Diabetes Care Inc (TNDM)
Debt-to-equity 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-equity 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-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 been 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has not been relying on debt to finance its operations and growth during this period. A debt-to-equity ratio of 0.00 typically suggests that the company is mainly financed by equity or internally-generated funds, which may be viewed positively by investors and creditors as it signifies a lower financial risk and a strong financial position. However, it is also important to note that a very low debt-to-equity ratio may restrict the company's ability to take advantage of potential tax benefits associated with debt financing. Overall, the consistent 0.00 debt-to-equity ratio implies a conservative financing strategy by Tandem Diabetes Care Inc with possibly a focus on maintaining a strong balance sheet and financial stability.
Peer comparison
Dec 31, 2024