Tandem Diabetes Care Inc (TNDM)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 967,658 | 952,658 | 1,052,780 | 905,137 | 716,415 |
| Total stockholders’ equity | US$ in thousands | 263,098 | 313,632 | 439,947 | 433,112 | 366,305 |
| Financial leverage ratio | 3.68 | 3.04 | 2.39 | 2.09 | 1.96 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $967,658K ÷ $263,098K
= 3.68
The financial leverage ratio of Tandem Diabetes Care Inc has been showing an increasing trend over the years, indicating a rise in the company's reliance on debt to finance its operations and growth. From 2019 to 2023, the ratio grew from 1.96 to 3.04, with a significant jump in 2024 to 3.68. This suggests that the company's debt levels have been rising faster than its equity, which can increase financial risk and interest payment obligations. Investors and stakeholders should closely monitor this trend to assess the company's ability to manage its debt burden and maintain financial stability.
Peer comparison
Dec 31, 2024