Impinj Inc (PI)
Debt-to-equity 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-equity ratio | 0.00 | 8.26 | 17.97 | — | 0.50 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $149,864K
= 0.00
The debt-to-equity ratio for Impinj Inc has shown some fluctuations over the years. As of December 31, 2020, the ratio was at a relatively moderate level of 0.50, indicating a balanced mix of debt and equity in the company's capital structure. However, the data for December 31, 2021 is missing (indicated by the "—"), making it difficult to assess the trend for that year.
Subsequently, there was a significant increase in the debt-to-equity ratio to 17.97 as of December 31, 2022, suggesting a heavy reliance on debt to finance the company's operations or growth. This sharp spike may raise concerns about the company's leverage and financial risk.
The ratio decreased to 8.26 by December 31, 2023, indicating some improvement in the capital structure with a lower level of debt relative to equity. Finally, by December 31, 2024, the debt-to-equity ratio dropped to 0.00, which could imply that the company may have paid off its debt entirely or significantly reduced it, resulting in a more equity-heavy capital structure.
Overall, the trend in Impinj Inc's debt-to-equity ratio reflects varying levels of leverage and capital structure management over the years, with notable fluctuations that may warrant further investigation into the company's financial strategies and performance.
Peer comparison
Dec 31, 2024