Penumbra Inc (PEN)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 324,404 | 167,486 | 69,858 | 59,379 | 69,670 |
| Short-term investments | US$ in thousands | 15,727 | 121,701 | 118,172 | 195,496 | 195,162 |
| Total current liabilities | US$ in thousands | 158,345 | 151,144 | 144,932 | 123,197 | 105,932 |
| Cash ratio | 2.15 | 1.91 | 1.30 | 2.07 | 2.50 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($324,404K
+ $15,727K)
÷ $158,345K
= 2.15
The cash ratio of Penumbra Inc has been fluctuating over the past five years. In December 31, 2020, the company had a cash ratio of 2.50, indicating that for every dollar of current liabilities, the company had $2.50 in cash or cash equivalents. This ratio decreased to 2.07 in December 31, 2021, which suggests a slight decrease in the company's liquidity position.
By December 31, 2022, the cash ratio dropped significantly to 1.30, indicating a reduction in the company's ability to cover its short-term liabilities with its cash holdings. However, the ratio improved in December 31, 2023, reaching 1.91, showing a partial recovery in the company's liquidity position.
In the most recent period, as of December 31, 2024, Penumbra Inc's cash ratio increased to 2.15, indicating an improvement in the company's ability to meet its short-term financial obligations with its available cash resources.
Overall, Penumbra Inc's cash ratio has shown fluctuations over the years, with varying levels of liquidity. Investors and stakeholders may closely monitor these trends to assess the company's cash management and financial health.
Peer comparison
Dec 31, 2024