Impinj Inc (PI)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 326,398 | 269,696 | 275,170 | 255,802 | 171,364 |
| Total current liabilities | US$ in thousands | 331,177 | 30,880 | 42,369 | 35,503 | 27,593 |
| Current ratio | 0.99 | 8.73 | 6.49 | 7.21 | 6.21 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $326,398K ÷ $331,177K
= 0.99
Impinj Inc's current ratio has shown significant fluctuations over the years. As of December 31, 2020, the ratio stood at 6.21, indicating a strong ability to cover its current liabilities with current assets. The ratio improved further to 7.21 by December 31, 2021, suggesting an even better liquidity position.
However, by December 31, 2022, the current ratio decreased to 6.49, indicating a slight decline in liquidity compared to the previous year. The ratio then increased substantially to 8.73 by December 31, 2023, signaling a significant improvement in liquidity and the company's ability to meet short-term obligations.
Surprisingly, by December 31, 2024, the current ratio dropped to 0.99, which is concerning as it suggests that the company may have had challenges in meeting its short-term liabilities with its current assets.
In conclusion, while the company has historically maintained a strong liquidity position, the drastic decrease in the current ratio in 2024 warrants further investigation to understand the underlying reasons for this decline and assess the potential impact on Impinj Inc's financial health.
Peer comparison
Dec 31, 2024