Penumbra Inc (PEN)

Debt-to-assets ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Long-term debt US$ in thousands — — — — —
Total assets US$ in thousands 1,556,300 1,370,890 1,244,250 822,983 665,901
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,556,300K
= 0.00

The debt-to-assets ratio for Penumbra Inc has remained relatively stable over the past five years, ranging from 0.02 to 0.05. This ratio indicates that Penumbra relies very minimally on debt financing to fund its assets, with a larger proportion of its assets being funded through equity. A lower debt-to-assets ratio suggests a lower financial risk, as the company is not heavily leveraged. Overall, Penumbra's consistent low debt-to-assets ratio indicates a conservative financial strategy focused on maintaining a healthy balance between debt and equity in its capital structure.