Impinj Inc (PI)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 269,696 | 275,170 | 255,802 | 171,364 | 176,769 |
| Total current liabilities | US$ in thousands | 30,880 | 42,369 | 35,503 | 27,593 | 19,497 |
| Current ratio | 8.73 | 6.49 | 7.21 | 6.21 | 9.07 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $269,696K ÷ $30,880K
= 8.73
The current ratio of Impinj Inc has shown a fluctuating trend over the past five years, ranging from 6.21 to 9.07. The current ratio indicates the company's ability to meet its short-term obligations with its current assets.
In 2023, Impinj Inc's current ratio improved significantly to 8.73, reflecting a strong liquidity position compared to the previous year. This suggests that the company had more than enough current assets to cover its short-term liabilities by 8.73 times.
While the upward trend in current ratio is generally positive, it is essential to further investigate the components of current assets and liabilities to assess the quality of liquidity management. A high current ratio can sometimes indicate an inefficient use of assets, and thus a deeper analysis is recommended to fully understand Impinj Inc's liquidity position and financial health.
Peer comparison
Dec 31, 2023