Penumbra Inc (PEN)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,533,180 | 1,556,300 | 1,370,890 | 1,244,250 | 822,983 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,533,180K
= 0.00
Based on the provided data, Penumbra Inc's debt-to-assets ratio has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 typically suggests that the company may have a strong financial position with a low level of financial risk, as it implies that the company's assets are entirely financed by equity rather than debt. It is important to note that while a low debt-to-assets ratio may signify financial stability, it may also mean that the company is not taking advantage of potential leverage opportunities that could enhance returns for shareholders.
Peer comparison
Dec 31, 2024