Impinj Inc (PI)
Current ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 326,398 | 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 |
| Total current liabilities | US$ in thousands | 331,177 | 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 |
| Current ratio | 0.99 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $326,398K ÷ $331,177K
= 0.99
Impinj Inc's current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, has shown significant fluctuations over the past few years.
From March 31, 2020, to June 30, 2021, the current ratio gradually decreased from 9.20 to 1.54. This downward trend indicates a potential weakening liquidity position, where the company may struggle to meet its short-term obligations using its current assets.
However, from December 31, 2021, to September 30, 2023, there was a notable improvement as the current ratio increased steadily from 7.21 to 8.09. This upward trend suggests a better ability to cover short-term liabilities with current assets during this period.
Subsequently, there was a decline in the current ratio from March 31, 2024, to December 31, 2024, dropping from 9.42 to 0.99. This sharp decrease could indicate potential challenges in meeting short-term obligations with available current assets.
Overall, the current ratio of Impinj Inc has exhibited volatility, and stakeholders should closely monitor this ratio to assess the company's liquidity position and its ability to manage short-term financial obligations effectively.
Peer comparison
Dec 31, 2024