Penumbra Inc (PEN)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.32 | 1.37 | 1.30 | 1.28 | 1.37 |
Penumbra Inc's solvency ratios indicate the company's ability to meet its long-term financial obligations and its overall financial stability. The debt-to-assets ratio has remained relatively stable over the years, indicating that the company has a low level of debt relative to its total assets. This suggests that Penumbra Inc relies more on equity financing rather than debt to fund its operations.
Similarly, the debt-to-capital ratio and debt-to-equity ratio show a consistent and moderate level of financial leverage over the years. This indicates that the company has a balanced mix of debt and equity in its capital structure, which can be beneficial in spreading risks and lowering the cost of capital.
The financial leverage ratio, which measures the proportion of assets financed by debt relative to equity, has fluctuated slightly but has generally remained within a reasonable range. A lower financial leverage ratio implies less reliance on debt financing, which can reduce the company's financial risk and increase its financial flexibility.
Overall, Penumbra Inc's solvency ratios reflect a stable and conservative financial position, with a prudent approach to managing its capital structure and debt levels. This suggests that the company has a good ability to service its debt obligations and maintain financial stability in the long run.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | 46.80 | 3.48 | -5.02 | -25.67 | 255.42 |
Interest coverage ratio is a key financial metric used to evaluate a company's ability to meet its interest obligations on outstanding debt. The ratio is calculated by dividing the earnings before interest and taxes (EBIT) by the interest expense. A higher interest coverage ratio indicates that the company is more capable of servicing its debt.
Based on the provided information, it appears that the interest coverage ratio for Penumbra Inc is not available for the years 2019 to 2023. This lack of data on interest coverage makes it challenging to assess the company's ability to meet its interest payments and manage its debt obligations effectively. It is important for investors and stakeholders to have access to this ratio to understand the company's financial health and risk profile. Further information or disclosure regarding the interest coverage ratio would be necessary to conduct a thorough analysis of Penumbra Inc's debt-servicing capabilities.