Penumbra Inc (PEN)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,533,180 | 1,479,120 | 1,534,560 | 1,579,840 | 1,556,300 | 1,468,380 | 1,432,530 | 1,395,300 | 1,370,890 | 1,321,600 | 1,327,900 | 1,301,570 | 1,244,250 | 973,241 | 910,218 | 840,824 | 822,983 | 810,303 | 780,200 | 664,240 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
The debt-to-assets ratio for Penumbra Inc has consistently been calculated as 0.00 from March 31, 2020, to December 31, 2024. This indicates that the company has been operating with no financial leverage during this period. A debt-to-assets ratio of 0.00 suggests that the company has no debt on its balance sheet in relation to its total assets. While a low debt-to-assets ratio is generally considered favorable as it signifies lower financial risk and potential for higher solvency, it's also essential to assess the overall financial health of the company by considering other relevant financial ratios and metrics in conjunction with this ratio.
Peer comparison
Dec 31, 2024