Penumbra Inc (PEN)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| 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 |
| Financial leverage ratio | 1.32 | 1.33 | 1.34 | 1.36 | 1.37 | 1.36 | 1.37 | 1.36 | 1.30 | 1.41 | 0.71 | 1.28 | 1.28 | 1.30 | 1.25 | 1.36 | 1.37 | 1.31 | 1.29 | 1.30 |
The solvency ratios of Penumbra Inc reflect a consistently low level of debt relative to the company's assets, capital, and equity over the past 8 quarters. The debt-to-assets ratio has remained stable at 0.02, indicating that only 2% of the company's assets are financed by debt. Similarly, the debt-to-capital and debt-to-equity ratios have also stayed constant at 0.02, signaling a minimal reliance on debt for funding operations.
The financial leverage ratio, which measures the proportion of a company's total assets that is financed by debt, has slightly fluctuated between 1.32 and 1.37, with the highest value recorded at 1.37 in Q4 2022. This suggests that Penumbra Inc maintains a conservative capital structure with a moderate level of leverage in its operations.
Overall, based on these solvency ratios, Penumbra Inc appears to have a strong financial position with a low debt burden and a healthy mix of debt and equity financing. Investors and creditors may view the company as relatively low-risk due to its stable solvency indicators.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 13.03 | 15.10 | 17.15 | 11.12 | 4.23 | -26.62 | -24.06 | -16.82 | -5.01 | 20.50 | 1.24 | -17.47 | -25.67 | -23.45 | 4.30 | 32.03 | 31.84 | 29.22 | 6.50 | 2.81 |
The interest coverage ratio for Penumbra Inc was not available for the fourth quarter of 2023, the third quarter of 2023, the second quarter of 2023, or the first quarter of 2023, as the data was not provided. In the third quarter of 2022, the company had an interest coverage ratio of -275.23, indicating that its operating income was insufficient to cover its interest expenses during that period. Data for the second quarter of 2022 and the first quarter of 2022 is not available as well. This suggests a need for further analysis to assess the company's financial health and ability to meet its interest obligations in the future.