Impinj Inc (PI)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 149,864 | 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 |
| Debt-to-capital ratio | 0.00 | 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 |
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 variability over the years, ranging from 0.29 to 1.04. A lower debt-to-capital ratio indicates that the company relies less on debt to finance its operations and growth. In this case, Impinj Inc had low to zero debt-to-capital ratios in the first half of 2021, suggesting a conservative approach to debt management during that period.
However, there was a significant spike in the debt-to-capital ratio starting from December 31, 2021, reaching a peak of 1.04 by June 30, 2022. This indicates a substantial increase in the company's debt relative to its capital base, which may raise concerns about the company's financial leverage and potential risks.
Subsequently, the debt-to-capital ratio trended downwards from June 30, 2022, to December 31, 2024, stabilizing around 0.00 in the latter period. This decline may imply that Impinj Inc took steps to reduce its debt levels or increase its capital base during this time frame, which could improve its overall financial health and lower its financial risks.
Overall, monitoring the debt-to-capital ratio provides insights into Impinj Inc's capital structure and financial risk management strategies, indicating its reliance on debt financing and the potential impact on its financial stability and growth prospects.
Peer comparison
Dec 31, 2024