Impinj Inc (PI)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 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 | 215,046 |
| 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 |
| Financial leverage ratio | 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 | 1.72 |
September 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $476,447K ÷ $136,099K
= 3.50
The financial leverage ratio of Impinj Inc has shown significant fluctuations over the periods provided. The ratio started at a relatively low level of 1.70 in December 2019 and gradually increased to reach a peak of 159.04 in September 2022, indicating a substantial increase in leverage during this period. However, following this peak, the ratio experienced a notable decline to 3.50 as of September 2024.
Throughout the quarters, there were periods with very high financial leverage, such as in December 2022 and March 2023, where the ratio exceeded 20. These levels suggest a high reliance on debt to finance the company's operations during those periods.
Overall, the trend in the financial leverage ratio for Impinj Inc shows volatility and fluctuations, reflecting changes in the company's capital structure and debt levels over time. It is essential for stakeholders to monitor this ratio closely as high leverage can increase financial risk and impact the company's financial health and stability.
Peer comparison
Sep 30, 2024