Impinj Inc (PI)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 46,053 | 94,793 | 19,597 | 123,903 | 23,636 |
| Short-term investments | US$ in thousands | 118,661 | 18,440 | 154,148 | 69,443 | 82,453 |
| Receivables | US$ in thousands | 56,802 | 54,919 | 49,996 | 35,449 | 25,003 |
| Total current liabilities | US$ in thousands | 331,177 | 30,880 | 42,369 | 35,503 | 27,593 |
| Quick ratio | 0.67 | 5.45 | 5.28 | 6.44 | 4.75 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($46,053K
+ $118,661K
+ $56,802K)
÷ $331,177K
= 0.67
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. Looking at the trend for Impinj Inc from December 31, 2020, to December 31, 2024, we observe fluctuations in the quick ratio.
- As of December 31, 2020, the quick ratio was 4.75, indicating that Impinj had $4.75 in quick assets for every $1 of current liabilities.
- By December 31, 2021, the quick ratio had improved significantly to 6.44, signifying a further increase in liquidity and ability to cover short-term obligations.
- However, the quick ratio decreased to 5.28 by December 31, 2022, indicating a slight dip in liquidity compared to the previous year.
- There was a slight increase in the quick ratio to 5.45 by December 31, 2023, suggesting a modest improvement in Impinj's ability to meet short-term liabilities.
- Notably, by December 31, 2024, the quick ratio dropped significantly to 0.67, this sharp decline may raise concerns as it indicates a substantial reduction in liquid assets relative to current liabilities.
In conclusion, the quick ratio for Impinj Inc shows varying levels of liquidity over the years, with a notable decline in 2024. This trend warrants further investigation into the company's liquidity management and financial health.
Peer comparison
Dec 31, 2024