Impinj Inc (PI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 136,099 | 116,972 | 85,923 | 34,131 | 34,800 | 36,795 | 26,621 | 15,591 | 2,061 | -11,259 | -6,289 | -11,076 | 89,278 | 88,771 | 86,375 | 109,119 | 109,428 | 116,250 | 128,219 | 125,239 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.77 | 0.89 | 0.89 | 0.88 | 0.91 | 0.95 | 0.99 | 1.04 | 1.02 | 1.04 | 0.00 | 0.00 | 0.00 | 0.33 | 0.33 | 0.31 | 0.29 | 0.29 |
September 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $0K ÷ ($0K + $136,099K)
= 0.00
The debt-to-capital ratio for Impinj Inc has shown fluctuations over the past two years. As of September 30, 2024, the ratio stood at 0.00, indicating no debt in the capital structure. This contrasts with the ratios from March 2022 to June 2023, where the ratio ranged from 0.88 to 0.99, showcasing a significant portion of debt relative to the company's capital during that period.
It is worth noting that in the latest quarter, the ratio has decreased steadily from 1.02 in June 2022 to the current 0.00, signaling a shift towards a debt-free capital structure. This decrease could imply various scenarios such as debt repayments, capital injections, or a combination of both. The trend suggests a potential strategic initiative by the company to lower its reliance on debt financing, which could positively impact its financial flexibility and risk profile.
Overall, monitoring the debt-to-capital ratio trend is crucial for understanding Impinj Inc's capital structure decisions and financial health, as it signifies the proportion of debt relative to the total capital employed by the company. By analyzing this ratio over time, analysts can assess the company's leverage position and evaluate its ability to meet financial obligations and pursue growth opportunities.
Peer comparison
Sep 30, 2024