Penumbra Inc (PEN)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,178,940K
= 0.00
The debt-to-equity ratio of Penumbra Inc has been consistently decreasing over the past five years, indicating a favorable trend in the company's capital structure. A lower debt-to-equity ratio signifies that the company is relying less on debt financing and has a stronger equity position relative to its debt. This can be advantageous as it reduces financial risk and indicates good financial health. Penumbra Inc's decreasing trend in the debt-to-equity ratio suggests that the company has been effectively managing its debt levels and strengthening its equity base over the years. Overall, the declining debt-to-equity ratio reflects a positive financial trajectory for Penumbra Inc.
Peer comparison
Dec 31, 2023