Penumbra Inc (PEN)

Debt-to-capital ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 1,178,940 998,858 953,927 641,498 485,892
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,178,940K)
= 0.00

The debt-to-capital ratio of Penumbra Inc has shown a decreasing trend over the past five years, indicating a lower reliance on debt to finance its operations and investments. The ratio stood at 0.02 as of December 31, 2023, compared to 0.03 in the previous year and 0.06 in 2019. This downward trend suggests that the company has been effectively managing its debt levels relative to its total capital structure. A lower debt-to-capital ratio generally signifies a lower financial risk for the company as it indicates a smaller proportion of debt in its capital structure compared to equity. Penumbra Inc's decreasing debt-to-capital ratio may reflect prudent financial management and a stronger financial position, potentially enhancing its ability to weather economic downturns and pursue growth opportunities.


Peer comparison

Dec 31, 2023