Impinj Inc (PI)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 66,898 |
| Short-term investments | US$ in thousands | 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 | 49,597 |
| Receivables | US$ in thousands | 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 | 23,735 |
| 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 |
| Quick ratio | 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 | 7.19 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($73,704K
+ $96,551K
+ $64,378K)
÷ $331,095K
= 0.71
The quick ratio of Impinj Inc has displayed fluctuations over the past few quarters. The quick ratio measures the company's ability to cover its short-term liabilities with its most liquid assets.
In the most recent quarter, as of September 30, 2024, the quick ratio was 0.71, indicating that Impinj may have difficulty meeting its short-term obligations using only its most liquid assets. This could be a cause for concern, as a quick ratio below 1 suggests potential liquidity issues.
However, looking at historical trends, we observe that the quick ratio has shown significant variability, reaching relatively high levels in the previous quarters, such as 6.78 in March 31, 2024, and 5.45 in June 30, 2024. These high ratios indicate that Impinj had a strong ability to cover its short-term obligations with its liquid assets during those periods.
Overall, management and stakeholders should closely monitor the quick ratio to ensure that Impinj maintains a healthy liquidity position to support its operations and financial stability.
Peer comparison
Sep 30, 2024