Penumbra Inc (PEN)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 324,404 | 280,476 | 288,332 | 223,114 | 167,486 | 100,757 | 114,167 | 94,688 | 69,858 | 54,844 | 58,234 | 68,163 | 59,379 | 66,290 | 82,277 | 55,632 | 69,670 | 80,115 | 134,381 | 72,456 |
| Short-term investments | US$ in thousands | 15,727 | 10,548 | 51,363 | 90,360 | 121,701 | 148,098 | 106,896 | 104,409 | 118,172 | 129,583 | 146,135 | 172,178 | 195,496 | 200,637 | 156,722 | 186,977 | 195,162 | 188,611 | 143,914 | 95,766 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 2.15 | 1.90 | 2.25 | 2.05 | 1.91 | 1.72 | 1.53 | 1.36 | 1.30 | 1.33 | 1.40 | 1.85 | 2.07 | 2.30 | 2.21 | 2.17 | 2.50 | 2.49 | 3.59 | 1.91 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($324,404K
+ $15,727K
+ $—K)
÷ $158,345K
= 2.15
The quick ratio of Penumbra Inc has fluctuated over time based on the provided data. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates the company has enough liquid assets to cover its short-term liabilities.
From March 31, 2020, to December 31, 2024, we observe the quick ratio of Penumbra Inc varying between 1.30 and 3.59. The trend shows some variability but generally stays above 1, indicating that the company typically has sufficient liquid assets to cover its short-term liabilities.
Between June 30, 2020, and June 30, 2022, there was a significant increase in the quick ratio from 3.59 to 1.40. This drop suggests a possible reduction in the company's ability to quickly cover its short-term obligations with its liquid assets during that period.
The quick ratio then gradually increased from 1.40 on June 23, 2022, to 2.15 on December 31, 2024, with some fluctuations along the way. This trend indicates an improvement in the company's ability to meet its short-term liabilities with its liquid assets.
It is essential to monitor the quick ratio over time to assess Penumbra Inc's liquidity position and its ability to manage short-term obligations effectively. Further analysis of the company's financial statements and operational efficiency would provide additional insights into its liquidity management strategies.
Peer comparison
Dec 31, 2024