Impinj Inc (PI)
Debt-to-equity 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-equity ratio | 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 | 0.41 |
September 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $0K ÷ $136,099K
= 0.00
The debt-to-equity ratio of Impinj Inc has fluctuated significantly over the past few years. As of September 30, 2024, the company had a debt-to-equity ratio of 0.00, indicating that there was no debt on the company's balance sheet relative to its equity.
Looking back at previous quarters, the debt-to-equity ratio was also 0.00 in June 2024. However, in the earlier quarters of 2024, the ratio increased to 3.29 in March and further to 8.26 in December. This suggests that the company took on more debt relative to its equity in those periods.
In 2023, the debt-to-equity ratio ranged from 7.64 to 10.54, indicating a relatively higher level of debt compared to equity during that year. The ratio spiked significantly to 17.97 in December 2022, reflecting a substantial increase in debt relative to equity at that point.
The debt-to-equity ratio was exceptionally high at 135.78 in September 2022, which could raise concerns about the company's leverage and financial risk. Fortunately, the ratio dropped to 0.00 in subsequent quarters, showing a significant reduction in debt compared to equity.
Overall, the trend in Impinj Inc's debt-to-equity ratio indicates fluctuations in the company's capital structure and management of debt levels over the analyzed periods. It is essential for investors and stakeholders to monitor these changes to assess the company's financial health and risk profile accurately.
Peer comparison
Sep 30, 2024