Impinj Inc (PI)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 50,876 |
| Total assets | US$ in thousands | 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 | 215,046 |
| Debt-to-assets ratio | 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 | 0.24 |
September 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $0K ÷ $476,447K
= 0.00
The debt-to-assets ratio for Impinj Inc has exhibited some fluctuations over the past few quarters. The ratio was consistently at 0.00 in the recent periods ending September 30, 2024, and June 30, 2024, indicating that the company had no debt in relation to its total assets during those quarters.
However, looking back further, there was a notable increase in the debt-to-assets ratio from March 31, 2024, to December 31, 2023, where it rose from 0.68 to 0.78. This suggests that the company took on more debt relative to its total assets during that period.
The ratio remained relatively stable in the range of 0.73 to 0.85 from September 30, 2023, to June 30, 2022, indicating a consistent level of debt utilization in relation to assets over these quarters.
The debt-to-assets ratio showed an improvement towards the end of 2021, with the ratio decreasing to 0.00 in the quarters ending December 31, 2021, and September 30, 2021, which suggests a reduction in debt compared to total assets during that period.
Overall, the company has managed its debt levels effectively, with periods of both no debt and controlled debt relative to its total assets. It is important to continue monitoring this ratio to assess the company's leverage and financial risk over time.
Peer comparison
Sep 30, 2024