Penumbra Inc (PEN)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,178,940K
= 0.00
Penumbra Inc has maintained a consistent and low debt-to-equity ratio over the past eight quarters, ranging from 0.02 to 0.03. This indicates a prudent financial management strategy, with the company relying more on equity financing rather than debt to fund its operations and growth. The stable ratio suggests a healthy balance between debt and equity in the company's capital structure, which may be appealing to investors and creditors. Additionally, the gradual increase in the ratio from 0.02 to 0.03 in the most recent quarter may indicate a slight shift towards utilizing more debt, although it remains at a relatively low level. Overall, the low debt-to-equity ratio reflects a conservative approach to leverage and financial risk management by Penumbra Inc.
Peer comparison
Dec 31, 2023