Tandem Diabetes Care Inc (TNDM)
Financial leverage 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 | ||
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Total assets | US$ in thousands | 967,658 | 957,730 | 937,503 | 941,045 | 952,658 | 939,909 | 946,676 | 954,145 | 1,052,780 | 1,047,520 | 1,036,580 | 1,015,280 | 905,137 | 850,279 | 795,250 | 754,273 | 716,415 | 672,988 | 616,239 | 343,327 |
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 |
Financial leverage ratio | 3.68 | 4.03 | 4.01 | 3.87 | 3.04 | 2.99 | 2.88 | 2.82 | 2.39 | 2.48 | 2.31 | 2.32 | 2.09 | 2.18 | 2.30 | 2.41 | 1.96 | 2.06 | 2.30 | 1.66 |
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 shown an increasing trend over the period from March 31, 2020, to December 31, 2024. The ratio started at 1.66 in March 2020, increased gradually to reach 4.01 by June 30, 2024. This indicates that the company's reliance on debt to finance its operations and growth has been increasing steadily. A higher financial leverage ratio suggests that the company is financing a larger portion of its assets through debt, which can increase the risk to shareholders in times of financial distress. It is important for investors and stakeholders to closely monitor this ratio to assess the company's ability to meet its financial obligations and manage its debt effectively.
Peer comparison
Dec 31, 2024