Penumbra Inc (PEN)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 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 | 480,750 | 840,824 | 822,983 | 810,303 | 780,200 | 664,240 | 665,901 | 614,170 | 585,109 | 568,789 |
| 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, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,556,300K
= 0.00
The debt-to-assets ratio of Penumbra Inc has remained constant at 0.02 for all quarters in the provided data. This indicates that only 2% of the company's assets are financed by debt, while the remaining 98% are funded by equity. A low debt-to-assets ratio typically suggests that the company has a conservative capital structure and is not overly reliant on debt to finance its operations. Penumbra Inc's consistent low debt-to-assets ratio reflects a stable financial position with minimal financial risk associated with debt obligations. However, it may also suggest limited potential for leveraging debt to potentially increase returns for shareholders.
Peer comparison
Dec 31, 2023