Impinj Inc (PI)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 46,053 | 73,704 | 214,653 | 166,852 | 94,793 | 78,100 | 45,244 | 37,483 | 19,597 | 39,310 | 32,580 | 63,543 | 123,903 | 65,190 | 51,175 | 49,796 | 23,636 | 40,063 | 97,488 | 83,722 |
| Short-term investments | US$ in thousands | 118,661 | 96,551 | 5,563 | 7,292 | 18,440 | 35,129 | 63,656 | 117,061 | 154,148 | 142,541 | 130,719 | 101,724 | 69,443 | 48,153 | 60,788 | 69,551 | 82,453 | 65,057 | 23,419 | 35,497 |
| Receivables | US$ in thousands | 56,802 | 64,378 | 54,181 | 59,384 | 54,919 | 48,482 | 58,945 | 60,966 | 49,996 | 40,667 | 40,128 | 38,533 | 35,449 | 27,045 | 25,976 | 23,505 | 25,003 | 17,730 | 15,454 | 28,106 |
| 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 |
| Quick ratio | 0.67 | 0.71 | 0.86 | 6.78 | 5.45 | 4.79 | 3.30 | 3.95 | 5.28 | 6.62 | 8.03 | 6.24 | 6.44 | 1.31 | 1.28 | 1.27 | 4.75 | 6.27 | 5.58 | 7.49 |
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 of Impinj Inc has fluctuated over the periods provided. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that a company has enough liquid assets to cover its current liabilities.
Impinj Inc's quick ratio was consistently strong from March 2020 to December 2021, ranging from 4.75 to 8.03. This indicates that the company had more than enough liquid assets to cover its short-term liabilities during this period.
However, the quick ratio dropped significantly in the subsequent periods, reaching as low as 0.67 by December 2024. A quick ratio below 1 may suggest that the company may have difficulty meeting its short-term obligations with its readily available assets.
Overall, the trend in Impinj Inc's quick ratio shows a decline in liquidity position in the latter part of the available data. It would be important for stakeholders to assess the reasons behind this decrease and monitor the company's ability to manage its short-term obligations moving forward.
Peer comparison
Dec 31, 2024