Penumbra Inc (PEN)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 915,402 | 755,699 | 681,474 | 617,702 | 463,134 |
| Total current liabilities | US$ in thousands | 151,144 | 144,932 | 123,197 | 105,932 | 91,048 |
| Current ratio | 6.06 | 5.21 | 5.53 | 5.83 | 5.09 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $915,402K ÷ $151,144K
= 6.06
The current ratio of Penumbra Inc has shown a generally increasing trend over the past five years, reflecting the company's ability to meet its short-term obligations with its current assets. As of December 31, 2023, the current ratio stands at 6.06, indicating that the company has $6.06 in current assets for every $1 in current liabilities. This suggests a strong liquidity position for Penumbra Inc, with a higher current ratio providing assurance to creditors and investors regarding the company's ability to cover its short-term obligations. The consistent improvement in the current ratio over the years signals effective management of working capital and a healthy balance between current assets and current liabilities within the company's financial structure.
Peer comparison
Dec 31, 2023