Penumbra Inc (PEN) — Working Capital to Net Assets Ratio
Penumbra Inc (PEN) has a Working Capital to Net Assets ratio of 72.5% as of June 2026. Working capital of $1.11 Billion (current assets of $1.34 Billion minus current liabilities of $233.78 Million) is measured against net assets of $1.53 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See PEN defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Penumbra Inc Working Capital to Net Assets (2013–2025)
This chart shows how Penumbra Inc's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2013 to 2025. As of June 2026, the ratio stands at 72.5%, reflecting working capital of $1.11 Billion against net assets of $1.53 Billion USD. For the complete balance sheet picture, see how large is Penumbra Inc's balance sheet.
Annual Working Capital to Net Assets for Penumbra Inc (2013–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Penumbra Inc from 2013 to 2025, covering 13 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check Penumbra Inc liquid asset ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 72.4% | $1.03 Billion | $1.43 Billion | $1.22 Billion | $183.13 Million | ▲ +3.5 pp |
| 2024 | 68.9% | $792.78 Million | $1.15 Billion | $951.12 Million | $158.34 Million | ▲ +4.1 pp |
| 2023 | 64.8% | $764.26 Million | $1.18 Billion | $915.40 Million | $151.14 Million | ▲ +3.7 pp |
| 2022 | 61.1% | $610.77 Million | $998.86 Million | $755.70 Million | $144.93 Million | ▲ +2.6 pp |
| 2021 | 58.5% | $558.28 Million | $953.93 Million | $681.47 Million | $123.20 Million | ▼ -21.7 pp |
| 2020 | 80.2% | $511.77 Million | $637.79 Million | $617.70 Million | $105.93 Million | ▲ +3.6 pp |
| 2019 | 76.6% | $372.09 Million | $485.61 Million | $463.13 Million | $91.05 Million | ▼ -5.0 pp |
| 2018 | 81.6% | $344.66 Million | $422.42 Million | $410.73 Million | $66.06 Million | ▼ -1.0 pp |
| 2017 | 82.6% | $330.65 Million | $400.41 Million | $382.23 Million | $51.58 Million | ▼ -3.0 pp |
| 2016 | 85.5% | $228.03 Million | $266.55 Million | $263.83 Million | $35.80 Million | ▼ -7.4 pp |
| 2015 | 93.0% | $216.21 Million | $232.52 Million | $244.36 Million | $28.15 Million | ▲ +856.8 pp |
| 2014 | -763.8% | $94.48 Million | $-12.37 Million | $115.30 Million | $20.82 Million | ▼ -188.2 pp |
| 2013 | -575.6% | $46.40 Million | $-8.06 Million | $62.24 Million | $15.84 Million | — |