Penumbra Net Tangible Assets vs Net Debt Analysis

PEN Stock

USD 232.04 1.86 0.81%

Penumbra financial indicator trend analysis is much more than just breaking down Penumbra prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Penumbra is a good investment. Please check the relationship between Penumbra Net Tangible Assets and its Net Debt accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Penumbra. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in Penumbra Stock, please use our How to Invest in Penumbra guide.

Net Tangible Assets vs Net Debt

Net Tangible Assets vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Penumbra Net Tangible Assets account and Net Debt. At this time, the significance of the direction appears to have very week relationship.

The correlation between Penumbra's Net Tangible Assets and Net Debt is 0.22. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Net Debt in the same time period over historical financial statements of Penumbra, assuming nothing else is changed. The correlation between historical values of Penumbra's Net Tangible Assets and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Tangible Assets of Penumbra are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Tangible Assets i.e., Penumbra's Net Tangible Assets and Net Debt go up and down completely randomly.

Correlation Coefficient

0.22

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Penumbra's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Penumbra current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Penumbra. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in Penumbra Stock, please use our How to Invest in Penumbra guide.At this time, Penumbra's Tax Provision is very stable compared to the past year. As of the 25th of July 2025, Sales General And Administrative To Revenue is likely to grow to 0.57, while Selling General Administrative is likely to drop about 296.6 M.

	2022	2023	2024	2025 (projected)
Gross Profit	535.2M	682.6M	755.0M	792.7M
Total Revenue	847.1M	1.1B	1.2B	1.3B

Gross Profit Total Revenue

Penumbra fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross
Common Stock Shares Outstanding		0.79	0.69	0.84	0.82	0.8	0.38	0.74	0.43	0.13	0.75	0.73	0.56	0.73	0.39	0.7	0.77	0.81	0.73	0.41	0.57	0.74	0.78	0.79	0.7	0.71
Total Assets	0.79		0.94	0.98	0.99	1.0	0.02	0.94	0.11	0.3	0.89	0.88	0.67	0.94	0.5	0.82	0.87	0.98	0.81	0.38	0.84	0.92	0.97	0.99	0.94	0.92
Short Long Term Debt Total	0.69	0.94		0.89	0.91	0.94	-0.03	0.92	-0.05	0.27	0.79	0.88	0.68	0.93	0.54	0.74	0.81	0.93	0.78	0.32	0.81	0.9	0.94	0.94	0.89	0.9
Other Current Liab	0.84	0.98	0.89		0.99	0.98	0.14	0.9	0.28	0.18	0.88	0.87	0.69	0.89	0.52	0.86	0.93	0.96	0.86	0.44	0.75	0.91	0.93	0.98	0.89	0.88
Total Current Liabilities	0.82	0.99	0.91	0.99		0.99	0.07	0.94	0.21	0.28	0.89	0.89	0.67	0.92	0.5	0.84	0.88	0.98	0.82	0.39	0.82	0.92	0.94	0.98	0.94	0.91
Total Stockholder Equity	0.8	1.0	0.94	0.98	0.99		0.08	0.92	0.16	0.27	0.88	0.87	0.66	0.92	0.49	0.82	0.91	0.97	0.86	0.44	0.78	0.91	0.96	1.0	0.91	0.9
Other Liab	0.38	0.02	-0.03	0.14	0.07	0.08		-0.13	0.8	-0.31	0.05	-0.03	-0.02	-0.13	-0.17	-0.05	0.34	0.07	0.41	0.5	-0.35	-0.07	-0.09	0.08	-0.19	-0.15
Property Plant And Equipment Net	0.74	0.94	0.92	0.9	0.94	0.92	-0.13		-0.01	0.28	0.85	0.96	0.76	0.99	0.64	0.86	0.76	0.94	0.7	0.2	0.86	0.98	0.92	0.92	0.93	0.99
Current Deferred Revenue	0.43	0.11	-0.05	0.28	0.21	0.16	0.8	-0.01		-0.17	0.19	0.07	0.0	-0.06	-0.16	0.21	0.42	0.18	0.43	0.6	-0.22	0.04	-0.04	0.15	-0.04	-0.05
Net Debt	0.13	0.3	0.27	0.18	0.28	0.27	-0.31	0.28	-0.17		0.29	0.04	-0.39	0.28	-0.47	-0.06	-0.03	0.37	0.05	0.36	0.44	0.09	0.28	0.27	0.39	0.16
Retained Earnings	0.75	0.89	0.79	0.88	0.89	0.88	0.05	0.85	0.19	0.29		0.79	0.58	0.82	0.36	0.73	0.78	0.9	0.7	0.35	0.75	0.82	0.85	0.86	0.84	0.83
Accounts Payable	0.73	0.88	0.88	0.87	0.89	0.87	-0.03	0.96	0.07	0.04	0.79		0.88	0.94	0.77	0.89	0.77	0.89	0.71	0.09	0.77	0.98	0.86	0.87	0.86	0.98
Cash	0.56	0.67	0.68	0.69	0.67	0.66	-0.02	0.76	0.0	-0.39	0.58	0.88		0.76	0.96	0.84	0.67	0.61	0.55	-0.16	0.55	0.86	0.67	0.66	0.63	0.84
Non Current Assets Total	0.73	0.94	0.93	0.89	0.92	0.92	-0.13	0.99	-0.06	0.28	0.82	0.94	0.76		0.64	0.84	0.75	0.92	0.68	0.19	0.86	0.97	0.92	0.92	0.92	0.98
Non Currrent Assets Other	0.39	0.5	0.54	0.52	0.5	0.49	-0.17	0.64	-0.16	-0.47	0.36	0.77	0.96	0.64		0.74	0.5	0.43	0.38	-0.34	0.47	0.75	0.54	0.5	0.5	0.73
Other Assets	0.7	0.82	0.74	0.86	0.84	0.82	-0.05	0.86	0.21	-0.06	0.73	0.89	0.84	0.84	0.74		0.81	0.79	0.69	0.21	0.63	0.93	0.79	0.82	0.75	0.88
Cash And Short Term Investments	0.77	0.87	0.81	0.93	0.88	0.91	0.34	0.76	0.42	-0.03	0.78	0.77	0.67	0.75	0.5	0.81		0.83	0.95	0.58	0.51	0.81	0.82	0.91	0.7	0.75
Net Receivables	0.81	0.98	0.93	0.96	0.98	0.97	0.07	0.94	0.18	0.37	0.9	0.89	0.61	0.92	0.43	0.79	0.83		0.81	0.4	0.82	0.9	0.93	0.97	0.93	0.9
Common Stock Total Equity	0.73	0.81	0.78	0.86	0.82	0.86	0.41	0.7	0.43	0.05	0.7	0.71	0.55	0.68	0.38	0.69	0.95	0.81		0.66	0.39	0.73	0.75	0.86	0.59	0.67
Short Term Investments	0.41	0.38	0.32	0.44	0.39	0.44	0.5	0.2	0.6	0.36	0.35	0.09	-0.16	0.19	-0.34	0.21	0.58	0.4	0.66		-0.02	0.17	0.29	0.44	0.16	0.11
Non Current Liabilities Total	0.57	0.84	0.81	0.75	0.82	0.78	-0.35	0.86	-0.22	0.44	0.75	0.77	0.55	0.86	0.47	0.63	0.51	0.82	0.39	-0.02		0.79	0.84	0.78	0.97	0.84
Inventory	0.74	0.92	0.9	0.91	0.92	0.91	-0.07	0.98	0.04	0.09	0.82	0.98	0.86	0.97	0.75	0.93	0.81	0.9	0.73	0.17	0.79		0.9	0.91	0.88	0.99
Other Current Assets	0.78	0.97	0.94	0.93	0.94	0.96	-0.09	0.92	-0.04	0.28	0.85	0.86	0.67	0.92	0.54	0.79	0.82	0.93	0.75	0.29	0.84	0.9		0.96	0.92	0.91
Other Stockholder Equity	0.79	0.99	0.94	0.98	0.98	1.0	0.08	0.92	0.15	0.27	0.86	0.87	0.66	0.92	0.5	0.82	0.91	0.97	0.86	0.44	0.78	0.91	0.96		0.9	0.89
Total Liab	0.7	0.94	0.89	0.89	0.94	0.91	-0.19	0.93	-0.04	0.39	0.84	0.86	0.63	0.92	0.5	0.75	0.7	0.93	0.59	0.16	0.97	0.88	0.92	0.9		0.91
Property Plant And Equipment Gross	0.71	0.92	0.9	0.88	0.91	0.9	-0.15	0.99	-0.05	0.16	0.83	0.98	0.84	0.98	0.73	0.88	0.75	0.9	0.67	0.11	0.84	0.99	0.91	0.89	0.91

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Penumbra Account Relationship Matchups

Penumbra fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Common Stock Shares Outstanding	35.8M	37.9M	37.8M	39.2M	39.3M	35.4M
Total Assets	823.0M	1.2B	1.4B	1.6B	1.5B	820.4M
Short Long Term Debt Total	77.3M	173.5M	235.8M	234.3M	223.4M	162.3M
Other Current Liab	79.8M	89.8M	85.2M	103.6M	112.4M	65.7M
Total Current Liabilities	105.9M	123.2M	144.9M	151.1M	158.3M	91.0M
Total Stockholder Equity	641.5M	953.9M	998.9M	1.2B	1.2B	615.2M
Other Liab	15.3M	8.0M	3.6M	3.3M	3.8M	3.6M
Property Plant And Equipment Net	127.4M	227.1M	291.0M	300.4M	268.4M	281.9M
Net Debt	7.6M	114.2M	165.9M	66.9M	(101.0M)	(96.0M)
Retained Earnings	40.6M	45.9M	43.9M	134.9M	60.0M	31.1M
Accounts Payable	14.1M	13.4M	26.7M	27.2M	31.3M	32.9M
Cash	69.7M	59.4M	69.9M	167.5M	324.4M	340.6M
Non Current Assets Total	205.3M	562.8M	615.2M	640.9M	582.1M	611.2M
Non Currrent Assets Other	8.7M	13.0M	12.8M	25.9M	141.3M	148.3M
Other Assets	138.1M	78.7M	77.0M	111.0M	141.3M	148.3M
Cash And Short Term Investments	264.8M	254.9M	188.0M	289.2M	340.1M	209.4M
Net Receivables	114.6M	133.9M	203.4M	201.8M	167.7M	107.6M
Common Stock Total Equity	35K	36K	37K	38K	43.7K	31.1K
Short Term Investments	195.2M	195.5M	118.2M	121.7M	15.7M	14.9M
Liabilities And Stockholders Equity	823.0M	1.2B	1.4B	1.6B	1.5B	820.4M
Non Current Liabilities Total	79.3M	167.1M	227.1M	226.2M	223.9M	114.5M
Inventory	219.5M	263.5M	334.0M	388.0M	406.7M	427.1M
Other Current Assets	18.7M	29.2M	30.3M	36.4M	36.6M	21.9M
Other Stockholder Equity	598.3M	910.6M	963.0M	1.0B	1.1B	586.6M
Total Liab	185.2M	290.3M	372.0M	377.4M	382.3M	205.5M
Property Plant And Equipment Gross	127.4M	227.1M	291.0M	352.2M	342.9M	360.1M
Total Current Assets	617.7M	681.5M	755.7M	915.4M	951.1M	537.5M
Accumulated Other Comprehensive Income	2.5M	(2.6M)	(8.1M)	(3.2M)	(5.8M)	(5.6M)
Common Stock	34K	35K	36K	37K	38K	39K
Property Plant Equipment	48.2M	227.1M	291.0M	292.5M	268.4M	281.9M
Net Tangible Assets	449.3M	622.5M	696.9M	751.7M	864.4M	459.5M
Good Will	8.4M	166.4M	166.0M	166.3M	165.8M	174.1M
Retained Earnings Total Equity	57.5M	40.6M	45.9M	43.9M	50.5M	53.0M
Capital Surpluse	598.3M	910.6M	963.0M	1.0B	1.1B	702.3M
Non Current Liabilities Other	79.3M	3.6M	3.3M	5.3M	15.1M	16.7M
Intangible Assets	10.6M	90.6M	81.2M	63.2M	6.5M	6.2M
Long Term Debt Total	27.1M	26.5M	24.9M	23.7M	21.7M	18.4M

Pair Trading with Penumbra

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Penumbra position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Penumbra will appreciate offsetting losses from the drop in the long position's value.

Moving against Penumbra Stock

0.89	PTHL	Pheton Holdings Trending	Pair Corr
0.82	FIGS	Figs Inc	Pair Corr
0.81	DH	Definitive Healthcare Downward Rally	Pair Corr
0.75	MASS	908 Devices	Pair Corr
0.73	JYNT	Joint Corp	Pair Corr

The ability to find closely correlated positions to Penumbra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Penumbra when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Penumbra - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Penumbra to buy it.

The correlation of Penumbra is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Penumbra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Penumbra moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Penumbra can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Penumbra offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Penumbra's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Penumbra Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Penumbra Stock:

How To Invest In Penumbra

Details

Is Penumbra Stock a good investment?

Details

What is Penumbra's Net Worth?

Details

Largest Health Care Equipment & Supplies Companies

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Largest Health Care Equipment & Services Companies

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Penumbra. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in Penumbra Stock, please use our How to Invest in Penumbra guide.

You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Penumbra. If investors know Penumbra will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Penumbra listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

2.571

Earnings Share

1.08

Revenue Per Share

32.131

Quarterly Revenue Growth

0.163

Return On Assets

0.0582

The market value of Penumbra is measured differently than its book value, which is the value of Penumbra that is recorded on the company's balance sheet. Investors also form their own opinion of Penumbra's value that differs from its market value or its book value, called intrinsic value, which is Penumbra's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Penumbra's market value can be influenced by many factors that don't directly affect Penumbra's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Penumbra's value and its price as these two are different measures arrived at by different means. Investors typically determine if Penumbra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Penumbra's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Penumbra Net Tangible Assets vs Net Debt Analysis

Net Tangible Assets vs Net Debt

Net Tangible Assets vs Net Debt Correlation Analysis

Correlation Coefficient

Net Tangible Assets

Net Debt

Penumbra fundamental ratios Correlations

Penumbra Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Penumbra fundamental ratios Accounts

Pair Trading with Penumbra

Moving against Penumbra Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Other Stockholder Equity	+ 1.0	Total Stockholder Equity
Total Current Liabilities	+ 0.99	Total Assets
Other Stockholder Equity	+ 0.99	Total Assets
Total Current Liabilities	+ 0.99	Other Current Liab
Total Stockholder Equity	+ 0.99	Total Current Liabilities

Non Currrent Assets Other	- 0.47	Net Debt
Cash	- 0.39	Net Debt
Non Current Liabilities Total	- 0.35	Other Liab
Short Term Investments	- 0.34	Non Currrent Assets Other
Net Debt	- 0.31	Other Liab
Non Current Liabilities Total	- 0.22	Current Deferred Revenue