Impinj Inc (PI)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 281,855 | 280,244 | 278,661 | 54,556 |
| Total assets | US$ in thousands | 489,080 | 359,409 | 349,737 | 315,537 | 207,616 |
| Debt-to-assets ratio | 0.00 | 0.78 | 0.80 | 0.88 | 0.26 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $489,080K
= 0.00
The debt-to-assets ratio for Impinj Inc has displayed a varying trend over the years. As of December 31, 2020, the ratio stood at 0.26, indicating that only 26% of the company's assets were financed by debt. However, there was a notable increase in the ratio to 0.88 by December 31, 2021, suggesting a higher reliance on debt to finance its assets.
Subsequently, there was a slight decline in the debt-to-assets ratio to 0.80 by December 31, 2022, signaling a potential effort to reduce debt relative to its assets. This trend continued, with the ratio further decreasing to 0.78 by December 31, 2023, indicating a more conservative approach in managing debt levels.
Notably, by December 31, 2024, the company's debt-to-assets ratio dropped to 0.00, which could imply either a significant reduction in debt or a shift towards a debt-free capital structure. Overall, the trend in Impinj Inc's debt-to-assets ratio highlights fluctuations in the company's debt management strategies and financial leverage over the years.
Peer comparison
Dec 31, 2024