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Tangible book value per share is calculated as the total tangible equity divided by Shares Outstanding (EOP). Total tangible equity is calculated as the Total Stockholders Equity minus Preferred Stock minus Intangible Assets. Tandem Diabetes Care's tangible book value per share for the quarter that ended in Dec. 2023 was $4.74.
Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.
The historical data trend for Tandem Diabetes Care's Tangible Book per Share can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Tandem Diabetes Care Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Tangible Book per Share | Get a 7-Day Free Trial | 3.27 | 5.74 | 6.68 | 6.75 | 4.74 |
Tandem Diabetes Care Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Tangible Book per Share | Get a 7-Day Free Trial | 6.75 | 5.24 | 5.06 | 4.82 | 4.74 |
For the Medical Devices subindustry, Tandem Diabetes Care's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Medical Devices & Instruments industry and Healthcare sector, Tandem Diabetes Care's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Tandem Diabetes Care's Price-to-Tangible-Book falls into.
Tandem Diabetes Care's Tangible Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as
Tangible Book Value per Share | = | (Total Stockholders Equity | - | Preferred Stock | - | Intangible Assets) | / | Shares Outstanding (EOP) |
= | (313.632 | - | 0 | - | 2.776) | / | 65.552 | |
= | 4.74 |
Tandem Diabetes Care's Tangible Book Value Per Share for the quarter that ended in Dec. 2023 is calculated as
Tangible Book Value per Share | = | (Total Stockholders Equity | - | Preferred Stock | - | Intangible Assets) | / | Shares Outstanding (EOP) |
= | (313.632 | - | 0 | - | 2.776) | / | 65.552 | |
= | 4.74 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.
Tandem Diabetes Care (NAS:TNDM) Tangible Book per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
Thank you for viewing the detailed overview of Tandem Diabetes Care's Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Dick Allen | director | 11045 ROSELLE STREET, SAN DIEGO CA 92121 |
Shannon Marie Hansen | officer: SVP & General Counsel | C/O TANDEM DIABETES CARE, INC., 11075 ROSELLE STREET, SAN DIEGO CA 92121 |
Leigh Vosseller | officer: Senior Vice President and CFO | C/O TANDEM DIABETES CARE, INC., 11075 ROSELLE STREET, SAN DIEGO CA 92121 |
Kathleen Mcgroddy-goetz | director | C/O TANDEM DIABETES CARE, INC., 11075 ROSELLE STREET, SAN DIEGO CA 92121 |
Peyton R Howell | director | C/O TANDEM DIABETES CARE, INC., 11075 ROSELLE STREET, SAN DIEGO CA 92121 |
David B Berger | officer: GENERAL COUNSEL | 11045 ROSELLE STREET, SAN DIEGO CA 92121 |
Malagueira Joao Paulo Falcao | director | C/O TANDEM DIABETES CARE, INC., 11075 ROSELLE STREET, SAN DIEGO CA 92121 |
Myoungil Cha | director | C/O TANDEM DIABETES CARE, INC., 11075 ROSELLE STREET, SAN DIEGO CA 92121 |
Kim D Blickenstaff | director, officer: PRESIDENT AND CEO | C/O MEDIVATION, INC., 201 SPEAR STREET, 3RD FLOOR, SAN FRANCISCO CA 94105 |
John F Sheridan | officer: EXECUTIVE VP AND COO | C/O TANDEM DIABETES CARE, INC., 11045 ROSELLE STREET, SAN DIEGO CA 92121 |
Christopher J Twomey | director | 4767 NEXUS CENTRE DRIVE, SAN DIEGO CA 92121 |
Rebecca B Robertson | director | ONE SANSOME STREET, SUITE 1650, SAN FRANCISCO CA 94104 |
James Leal | officer: SVP, Operations | C/O TANDEM DIABETES CARE, INC., 11075 ROSELLE STREET, SAN DIEGO CA 92121 |
Elizabeth Anne Gasser | officer: EVP, Chief Strategy Officer | C/O TANDEM DIABETES CARE, INC., 11075 ROSELLE STREET, SAN DIEGO CA 92121 |
Susan Morrison | officer: CAO | 11045 ROSELLE STREET, SAN DIEGO CA 92121 |
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