Penumbra Inc (PEN)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.33 | 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 |
Penumbra Inc's solvency ratios indicate a strong financial position with consistently low levels of debt relative to assets, capital, and equity over the years.
- The Debt-to-Assets ratio has been consistently at 0.00, suggesting that the company has not relied heavily on debt to finance its operations and investments, resulting in a lower financial risk and a healthier balance sheet.
- The Debt-to-Capital ratio is also consistently at 0.00, indicating that Penumbra Inc has not heavily financed its operations through debt capital relative to its overall capital structure. This reflects a balanced capital mix and a lower risk of financial distress.
- The Debt-to-Equity ratio, staying at 0.00 across the periods, highlights that the company has a very low level of debt in relation to shareholder equity. This implies that the company has not been leveraging its equity with substantial debt, leading to a stable financial structure.
- The Financial Leverage ratio has shown slight fluctuations but overall has remained relatively stable around 1.30 to 1.40. This suggests that the company has been able to maintain a consistent level of financial leverage without taking on excessive debt relative to its equity, indicating a prudent financial management approach.
In summary, Penumbra Inc's solvency ratios reflect a conservative financial strategy focused on maintaining a strong financial position with minimal reliance on debt, which bodes well for its long-term financial stability and sustainability.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 19.04 | 1.07 | -1.13 | 17.72 | 14.09 | 19.54 | 17.05 | 11.94 | 13.19 | -216.97 | -130.78 | -51.30 | -8.95 | 22.59 | 1.40 | -17.72 | -30.40 | -31.94 | 5.59 | 20.07 |
The interest coverage ratio is used to measure a company's ability to cover its interest expenses with its operating income. A higher interest coverage ratio indicates that the company is more capable of meeting its interest obligations.
Analyzing the interest coverage ratio of Penumbra Inc over the past few years reveals fluctuating trends. In March 2020, the interest coverage ratio was strong at 20.07, indicating the company had a comfortable buffer to cover its interest expenses. However, it declined significantly by June 2020 to 5.59, signaling a potential strain on the company's ability to cover its interest costs.
The trend worsened in the subsequent quarters, with negative interest coverage ratios recorded in September and December 2020, implying that Penumbra Inc's operating income was insufficient to cover its interest expenses during those periods.
The situation improved slightly in March 2021 with an interest coverage ratio of -17.72, but it continued to fluctuate in the following quarters. By June 2022, the interest coverage ratio had plunged to -130.78, indicating a severe financial strain for the company in meeting its interest obligations.
However, there was a positive turnaround by December 2022, with the interest coverage ratio climbing to 13.19, suggesting a significant improvement in Penumbra Inc's ability to cover its interest payments. This positive trend continued into 2023 and 2024, with the interest coverage ratios steadily increasing.
Overall, the fluctuating interest coverage ratios of Penumbra Inc over the analyzed period indicate varying degrees of financial strength and weakness in the company's ability to cover its interest expenses. It is crucial for investors and analysts to closely monitor these ratios along with other financial metrics to assess the company's financial health and sustainability.