Tandem Diabetes Care, Inc.

Tandem Diabetes Care, Inc.verified

TNDM

Price:

$42.4

Market Cap:

$2.78B

Tandem Diabetes Care, Inc., a medical device company, designs, develops, and commercializes various products for people with insulin-dependent diabetes in the United States and internationally. The company's flagship product is the t:slim X2 insulin delivery system, a pump platform that comprises t:slim X2 pump, its 300-unit disposable insulin cartridge, and an infusion set. It also provides t:slim X2 insulin with Basal-IQ and control IQ technology; t:slim X2 with G5 Integration; and Tandem Device Updater, a tool that allows users to update their pump's software. In addition, the company offers t:connect, a web-based data management application, which provides a visual way to display diabete...[Read more]

Industry

Medical - Devices

IPO Date

2013-11-14

Stock Exchange

NASDAQ

Ticker

TNDM

The Current Ratio as of September 2024 (TTM) for Tandem Diabetes Care, Inc. (TNDM) is 3.05

According to Tandem Diabetes Care, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 3.05. This represents a change of -17.29% compared to the average of 3.69 of the last 4 quarters.

Tandem Diabetes Care, Inc. (TNDM) Historical Current Ratio (quarterly & annually)

How has TNDM Current Ratio performed in the past?

The mean historical Current Ratio of Tandem Diabetes Care, Inc. over the last ten years is 4.06. The current 3.05 Current Ratio has changed 7.40% with respect to the historical average. Over the past ten years (40 quarters), TNDM's Current Ratio was at its highest in in the March 2015 quarter at 7.41. The Current Ratio was at its lowest in in the December 2017 quarter at 1.78.

Quarterly (TTM)
Annual

Average

4.06

Median

3.93

Minimum

1.78

Maximum

6.15

Tandem Diabetes Care, Inc. (TNDM) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Tandem Diabetes Care, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 120.86%

Maximum Annual Current Ratio = 6.15

Minimum Annual Increase = -50.85%

Minimum Annual Current Ratio = 1.78

Quarterly (TTM)
Annual
YearCurrent RatioChange
20233.83-25.51%
20225.14-16.45%
20216.150.30%
20206.14120.86%
20192.78-1.98%
20182.8359.42%
20171.78-39.23%
20162.93-27.47%
20154.03-19.57%
20145.02-50.85%

Tandem Diabetes Care, Inc. (TNDM) Average Current Ratio

How has TNDM Current Ratio performed in the past?

The current Current Ratio of Tandem Diabetes Care, Inc. (TNDM) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

5.04

5-year avg

4.81

10-year avg

4.06

Tandem Diabetes Care, Inc. (TNDM) Current Ratio vs. Peers

How is TNDM’s Current Ratio compared to its peers?

Tandem Diabetes Care, Inc.’s Current Ratio is greater than DexCom, Inc. (2.82), less than Inspire Medical Systems, Inc. (9.25), less than ShockWave Medical, Inc. (13.81), less than Penumbra, Inc. (6.25), less than Insulet Corporation (3.56), greater than Abbott Laboratories (1.68), greater than Align Technology, Inc. (1.18), greater than Stryker Corporation (1.68), less than Asensus Surgical, Inc. (0), greater than Pacific Biosciences of California, Inc. (0.49), less than Nano-X Imaging Ltd. (8.01), less than Boston Scientific Corporation (5.16), greater than Medtronic plc (1.61), greater than null (2.13),

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