Penumbra Inc (PEN)

Financial leverage ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total assets	US$ in thousands	1,533,180	1,479,120	1,534,560	1,579,840	1,556,300	1,468,380	1,432,530	1,395,300	1,370,890	1,321,600	1,327,900	1,301,570	1,244,250	973,241	910,218	840,824	822,983	810,303	780,200	664,240
Total stockholders’ equity	US$ in thousands	1,150,930	1,104,280	1,161,230	1,203,530	1,178,940	1,104,140	1,066,540	1,024,470	998,858	973,752	970,015	959,302	953,927	690,939	678,928	655,091	641,498	622,406	624,794	488,933
Financial leverage ratio		1.33	1.34	1.32	1.31	1.32	1.33	1.34	1.36	1.37	1.36	1.37	1.36	1.30	1.41	1.34	1.28	1.28	1.30	1.25	1.36

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,533,180K ÷ $1,150,930K
= 1.33

The financial leverage ratio of Penumbra Inc has exhibited fluctuations over the years, ranging from a low of 1.25 in June 2020 to a high of 1.41 in September 2021. This ratio measures the proportion of the company's debt to its equity, indicating the level of financial risk and leverage undertaken by the company. A ratio above 1 indicates that the company has more debt than equity, suggesting a higher degree of financial leverage.

Despite some fluctuations, the financial leverage ratio has generally remained within a relatively stable range between 1.25 and 1.41, with the most recent ratio reported at 1.33 in December 2024. This suggests that Penumbra Inc has maintained a balanced capital structure with a moderate level of debt relative to equity.

It is essential for investors and stakeholders to closely monitor changes in the financial leverage ratio as it can impact the company's ability to meet its financial obligations, access funding, and withstand economic downturns.