Penumbra Inc (PEN)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,150,930 | 1,178,940 | 998,858 | 953,927 | 641,498 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,150,930K)
= 0.00
The debt-to-capital ratio of Penumbra Inc has consistently remained at 0.00 over the last five years, from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt in its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company is primarily financed by equity rather than debt. It showcases a strong financial position with low financial risk, as there is no debt obligation impacting the company's capital structure. Investors and creditors may view this positively as it signifies a stable and healthy financial position for Penumbra Inc with minimal leverage.
Peer comparison
Dec 31, 2024