Impinj Inc (PI)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 3.29 | 8.26 | 8.09 | 7.64 | 10.54 | 17.97 | 135.78 | — | — | — | 0.00 | 0.00 | 0.00 | 0.50 | 0.49 | 0.45 | 0.40 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $149,864K
= 0.00
The debt-to-equity ratio of Impinj Inc has displayed fluctuations over the years, indicating shifts in the company's capital structure and financial leverage.
From March 31, 2020, to December 31, 2021, the company steadily maintained a moderate debt-to-equity ratio between 0.40 and 0.50, suggesting a balanced mix of debt and equity financing. However, there was a sudden drop to 0.00 in the first quarter of 2021 and this ratio remained at 0.00 until the third quarter of 2022, indicating either a significant reduction in debt levels or a sharp increase in equity investment.
The trend changed drastically in the third quarter of 2022 when the debt-to-equity ratio spiked to 135.78, indicating a substantial increase in debt relative to equity. This sudden spike might indicate increased financial risk or aggressive expansion plans necessitating additional debt financing. The following quarters showed a downward trend in the ratio, suggesting potential efforts to bring the leverage back to more manageable levels.
As of December 31, 2024, the debt-to-equity ratio had dropped to 0.00 again, indicating either a significant reduction in debt or a considerable increase in equity. This could be a positive sign of improved financial health and a shift towards a less leveraged position.
Overall, the fluctuating debt-to-equity ratio of Impinj Inc calls for a closer examination of the company's financial strategies and how it balances its debt and equity components to support its growth and profitability objectives.
Peer comparison
Dec 31, 2024