Penumbra Inc (PEN)

Current ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Total current assets US$ in thousands 951,125 915,402 755,699 681,474 617,702
Total current liabilities US$ in thousands 158,345 151,144 144,932 123,197 105,932
Current ratio 6.01 6.06 5.21 5.53 5.83

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $951,125K ÷ $158,345K
= 6.01

The current ratio of Penumbra Inc has shown a consistent trend of above 5.0 over the past five years, indicating a strong ability to meet its short-term financial obligations. The ratio has remained relatively stable, ranging from 5.21 to 6.06, suggesting a healthy balance between current assets and current liabilities. Penumbra Inc's current ratio suggests that the company has sufficient current assets to cover its current liabilities, reflecting good liquidity and financial health.