Impinj Inc (PI)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 489,080 | 476,447 | 446,087 | 413,883 | 359,409 | 363,601 | 383,546 | 372,651 | 349,737 | 327,789 | 304,408 | 316,942 | 315,537 | 210,393 | 211,422 | 214,492 | 207,616 | 200,082 | 211,283 | 218,207 |
| 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 |
| Financial leverage ratio | 3.26 | 3.50 | 3.81 | 4.82 | 10.53 | 10.45 | 10.42 | 14.00 | 22.43 | 159.04 | — | — | — | 2.36 | 2.38 | 2.48 | 1.90 | 1.83 | 1.82 | 1.70 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $489,080K ÷ $149,864K
= 3.26
The financial leverage ratio of Impinj Inc shows a trend of fluctuation over the period provided. From March 31, 2020, to December 31, 2021, the ratio steadily increased from 1.70 to 2.49, indicating a progressive increase in the company's reliance on debt to finance its operations and assets.
However, from September 30, 2022, to June 30, 2024, there has been a significant decline in the financial leverage ratio, reaching as low as 3.26 by December 31, 2024. This suggests that the company has reduced its financial risk by deleveraging and potentially paying down debt during this period.
The sudden spike in the ratio to 159.04 on September 30, 2022, raises questions about the accuracy of the data or potential anomalies that need to be investigated further. The subsequent decrease to more normalized levels in the following quarters indicates a possible correction or adjustment made by the company.
Overall, fluctuations in the financial leverage ratio of Impinj Inc reflect changes in the company's capital structure and debt management strategies over time, impacting its overall financial risk and stability.
Peer comparison
Dec 31, 2024