Impinj Inc (PI)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 329,087 | 358,318 | 324,405 | 269,696 | 272,963 | 283,623 | 305,154 | 275,170 | 259,950 | 239,077 | 242,556 | 255,802 | 163,060 | 165,673 | 173,729 | 171,364 | 164,171 | 175,237 | 180,980 | 176,769 |
| 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 |
| Current ratio | 0.99 | 1.12 | 9.42 | 8.73 | 8.09 | 5.57 | 5.59 | 6.49 | 7.73 | 9.44 | 7.43 | 7.21 | 1.52 | 1.54 | 1.55 | 6.21 | 8.38 | 7.17 | 9.20 | 9.07 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $329,087K ÷ $331,095K
= 0.99
The current ratio of Impinj Inc has shown fluctuations over the past several quarters. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A current ratio above 1 indicates that a company has more current assets than current liabilities.
Looking at the data provided, the current ratio for Impinj Inc ranged from 0.99 to 9.42 over the past few quarters. The ratio was below 1 for the most recent quarter, which may indicate potential liquidity concerns as the company may have difficulty meeting its short-term obligations with its current assets alone.
However, it is important to note that the current ratio has been above 1 in many previous quarters, indicating a more favorable liquidity position during those periods. Additionally, the significant increase in the current ratio to 9.42 in March 2024 may suggest an unusually high level of current assets relative to current liabilities at that time.
Overall, while the current ratio has fluctuated, trending both above and below 1, it is essential for stakeholders to monitor this metric closely to assess Impinj Inc's short-term liquidity position and ability to meet its financial obligations.
Peer comparison
Sep 30, 2024