Penumbra Inc (PEN)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Total current assets	US$ in thousands	951,125	891,753	943,795	935,023	915,402	868,476	827,876	786,490	755,699	723,625	717,961	690,326	681,474	667,987	653,112	635,127	617,702	590,199	575,895	453,740
Total current liabilities	US$ in thousands	158,345	153,185	150,994	152,803	151,144	145,078	144,124	146,328	144,932	138,332	145,604	130,099	123,197	116,059	108,046	111,862	105,932	108,055	77,612	88,074
Current ratio		6.01	5.82	6.25	6.12	6.06	5.99	5.74	5.37	5.21	5.23	4.93	5.31	5.53	5.76	6.04	5.68	5.83	5.46	7.42	5.15

December 31, 2024 calculation

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

Penumbra Inc's current ratio has demonstrated some fluctuations over the recent quarters. The current ratio, which measures the company's ability to meet short-term obligations with its current assets, ranged from a low of 4.93 on June 30, 2022, to a high of 7.42 on June 30, 2020. Generally, a current ratio above 1 indicates that a company has more current assets than current liabilities, signaling a healthy financial position.

In the latest period ending December 31, 2024, Penumbra Inc's current ratio stood at 6.01, indicating the company had $6.01 in current assets for every dollar of current liabilities. This suggests the company has sufficient liquidity to cover its short-term obligations.

Although there have been fluctuations in the current ratio, the overall trend shows that Penumbra Inc has maintained a consistently strong current ratio above 5 in recent quarters. This indicates the company's ability to meet its short-term obligations has been relatively stable and robust.