Penumbra Inc (PEN)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,150,930K
= 0.00
The debt-to-equity ratio for Penumbra Inc shows a consistent ratio of 0.00 across the years from 2020 to 2024. This indicates that the company has been financing its operations primarily through equity rather than debt during this period. A low debt-to-equity ratio can signify financial stability and a lower risk of financial distress, as the company is not heavily reliant on borrowing to fund its activities. However, it's also important to note that a very low debt-to-equity ratio may also suggest missed opportunities for leveraging debt for potential growth or expansion. In this case, Penumbra Inc seems to have maintained a conservative capital structure with minimal debt obligations relative to its equity.
Peer comparison
Dec 31, 2024