Penumbra Inc (PEN)

Debt-to-capital 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 stockholders’ equity US$ in thousands 1,178,940 1,104,140 1,066,540 1,024,470 998,858 973,752 970,015 959,302 953,927 690,939 673,376 655,091 641,498 622,406 624,794 488,933 485,892 467,332 454,091 436,732
Debt-to-capital 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-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 remained relatively stable over the past eight quarters, ranging between 0.02 and 0.03. This indicates that a low proportion of the company's capital structure is comprised of debt compared to its total capital. The consistency in this ratio suggests that Penumbra Inc has been maintaining a conservative approach towards using debt to finance its operations and growth. This can be considered a positive indicator of the company's financial stability and ability to meet its debt obligations.


Peer comparison

Dec 31, 2023