Impinj Inc (PI)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 281,855 | 280,244 | 278,661 | 54,556 | 50,876 |
| Total stockholders’ equity | US$ in thousands | 34,131 | 15,591 | -11,076 | 109,119 | 125,239 |
| Debt-to-capital ratio | 0.89 | 0.95 | 1.04 | 0.33 | 0.29 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $281,855K ÷ ($281,855K + $34,131K)
= 0.89
The debt-to-capital ratio of Impinj Inc has shown fluctuations over the past five years. As of December 31, 2023, the debt-to-capital ratio stands at 0.89, which indicates that the company's total debt represents 89% of its total capital. This represents a decrease from the previous year when the ratio was 0.95.
Looking further back, the ratio was even higher in 2021 at 1.04, indicating a significant increase in the proportion of debt to total capital. However, in 2020 and 2019, the debt-to-capital ratio was noticeably lower at 0.33 and 0.29 respectively, suggesting a more conservative capital structure during those years.
Overall, the trend in the debt-to-capital ratio for Impinj Inc shows some variability, with the company at times relying more heavily on debt to finance its operations and at other times maintaining a lower level of debt relative to its total capital. This ratio is an important indicator of the company's financial risk and leverage, and investors may monitor it closely to assess Impinj Inc's ability to manage its debt obligations.
Peer comparison
Dec 31, 2023