Impinj Inc (PI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 149,864 | 34,131 | 15,591 | -11,076 | 109,119 |
| Debt-to-capital ratio | 0.00 | 0.89 | 0.95 | 1.04 | 0.33 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $149,864K)
= 0.00
The debt-to-capital ratio of Impinj Inc has shown fluctuations over the years. In December 2020, the ratio stood at 0.33, indicating that the company had a moderate level of debt compared to its total capital. However, by December 2021, the ratio increased significantly to 1.04, suggesting a higher reliance on debt to finance its operations.
Subsequently, the ratio decreased slightly to 0.95 by December 2022 and further to 0.89 by December 2023. These reductions indicate a trend towards decreased debt relative to total capital, reflecting potentially improved financial stability.
Remarkably, by December 2024, the debt-to-capital ratio dropped to 0.00, indicating that the company had no debt relative to its capital. This could be a result of debt repayment, capital restructuring, or increased equity financing.
Overall, the varying levels of the debt-to-capital ratio suggest that Impinj Inc has experienced changes in its capital structure over the years, possibly adjusting its financing strategies to meet business needs and economic conditions.
Peer comparison
Dec 31, 2024