Impinj Inc (PI)
Cash ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 73,704 | 214,653 | 166,852 | 94,793 | 78,100 | 45,244 | 37,483 | 19,597 | 39,310 | 32,580 | 63,543 | 123,903 | 65,190 | 51,175 | 49,796 | 23,636 | 40,063 | 97,488 | 83,722 | 66,898 |
| Short-term investments | US$ in thousands | 96,551 | 5,563 | 7,292 | 18,440 | 35,129 | 63,656 | 117,061 | 154,148 | 142,541 | 130,719 | 101,724 | 69,443 | 48,153 | 60,788 | 69,551 | 82,453 | 65,057 | 23,419 | 35,497 | 49,597 |
| Total current liabilities | US$ in thousands | 331,095 | 318,922 | 34,443 | 30,880 | 33,758 | 50,878 | 54,604 | 42,369 | 33,635 | 25,333 | 32,642 | 35,503 | 107,215 | 107,706 | 112,185 | 27,593 | 19,583 | 24,449 | 19,664 | 19,497 |
| Cash ratio | 0.51 | 0.69 | 5.06 | 3.67 | 3.35 | 2.14 | 2.83 | 4.10 | 5.41 | 6.45 | 5.06 | 5.45 | 1.06 | 1.04 | 1.06 | 3.84 | 5.37 | 4.95 | 6.06 | 5.98 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($73,704K
+ $96,551K)
÷ $331,095K
= 0.51
The cash ratio of Impinj Inc has shown variability over the past few quarters, with the ratios ranging from 0.51 to 6.45. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.
In the most recent quarter, the cash ratio was 0.51, which suggests that Impinj Inc may have had a lower level of cash and cash equivalents relative to its short-term liabilities. However, in the quarter ending March 31, 2024, the cash ratio was significantly higher at 5.06, indicating a healthier liquidity position.
Overall, Impinj Inc has generally maintained cash ratios above 1 in recent quarters, indicating a sufficient level of cash to cover short-term liabilities. However, fluctuations in the cash ratio highlight the importance of monitoring the company's liquidity position to ensure it can meet its short-term financial obligations effectively.
Peer comparison
Sep 30, 2024