Impinj Inc (PI)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 0 | 0 | 282,262 | 281,855 | 281,449 | 281,046 | 280,644 | 280,244 | 279,846 | 279,449 | 279,054 | 278,661 | — | — | — | 54,556 | 53,595 | 52,669 | 51,755 |
| Total assets | US$ in thousands | 489,080 | 476,447 | 446,087 | 413,883 | 359,409 | 363,601 | 383,546 | 372,651 | 349,737 | 327,789 | 304,408 | 316,942 | 315,537 | 210,393 | 211,422 | 214,492 | 207,616 | 200,082 | 211,283 | 218,207 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.68 | 0.78 | 0.77 | 0.73 | 0.75 | 0.80 | 0.85 | 0.92 | 0.88 | 0.88 | 0.00 | 0.00 | 0.00 | 0.26 | 0.27 | 0.25 | 0.24 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $489,080K
= 0.00
Impinj Inc's debt-to-assets ratio has shown some fluctuation over the past few years. The ratio stood at 0.24 as of March 31, 2020, and gradually increased to 0.27 by September 30, 2020. However, by March 31, 2021, the ratio dropped to 0.00 and remained at this level for the subsequent two quarters. The ratio then spiked to 0.88 by December 31, 2021, and continued to increase to 0.92 by June 30, 2022.
Over the next few quarters, there was some moderation as the ratio decreased to 0.80 by December 31, 2022, and further to 0.68 by March 31, 2024. Notably, the ratio dropped to 0.00 by June 30, 2024, indicating a period of minimal debt relative to assets.
It's important to note that a lower debt-to-assets ratio signifies lower financial risk and a stronger financial position for the company. However, the sudden increase in the ratio in late 2021 and early 2022 might indicate a change in the company's debt management strategies or capital structure. Monitoring future trends in this ratio will be crucial in understanding Impinj Inc's financial health and risk profile.
Peer comparison
Dec 31, 2024