Impinj (Impinj) Interest Expense : $-3.2 Mil (TTM As of Mar. 2024)

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What is Impinj Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Impinj's interest expense for the three months ended in Mar. 2024 was $ -0.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-3.2 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Impinj's Operating Income for the three months ended in Mar. 2024 was $ -9.9 Mil. Impinj's Interest Expense for the three months ended in Mar. 2024 was $ -0.8 Mil. Impinj did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Impinj Interest Expense Historical Data

The historical data trend for Impinj's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Impinj Interest Expense Chart

Impinj Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-1.79

-5.30

-1.98

-3.32

-3.24

Impinj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.81	-0.81	-0.81	-0.81	-0.81

Impinj Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.2 Mil.

Impinj (NAS:PI) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Impinj's Interest Expense for the three months ended in Mar. 2024 was $-0.8 Mil. Its Operating Income for the three months ended in Mar. 2024 was $-9.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $290.7 Mil.

Impinj's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Impinj did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Impinj (Impinj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Impinj Inc (NAS:PI) » Definitions » Interest Expense

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27J:Germany 27J:Germany

Address

400 Fairview Avenue North, Suite 1200, Seattle, WA, USA, 98109

Website

https://www.impinj.com

Impinj Inc operates a platform that enables wireless connectivity to everyday items by delivering each item's identity, location, and authenticity to business and consumer applications. Its platform includes endpoint integrated circuits (ICs) product, a miniature radios-on-a-chip, which attach to and identify their host items; and connectivity layer that comprises readers, gateways, and reader ICs to wirelessly identify, locate, authenticate, and engage endpoints via RAIN, as well as provide power to and communicate bidirectionally with endpoint ICs. Geographically, the company has a business presence in the Americas, Asia Pacific, Europe, Middle East and Africa, of which key revenue is derived from the operations in the Asia Pacific region.

Executives

Hussein Mecklai	officer: Chief Operating Officer	400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109
Cary Baker	officer: Chief Financial Officer	1501 FIRST AVENUE SOUTH, SUITE 600, SEATTLE WA 98134
Jeffrey Dossett	officer: EVP, Sales & Marketing	400 FAIRVIEW AVE. N, SUITE 1200, SEATTLE WA 98109
Diorio Chris Ph.d.	director, officer: Chief Executive Officer	400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109
Sylebra Capital Ltd	10 percent owner	28 HENNESSY ROAD, 20TH FLOOR, WAN CHAI, HONG KONG K3 00000
Cathal G Phelan	director	400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109
Steve Sanghi	director	2355 W CHANDLER BLVD, CHANDLER AZ 85224-6199
Miron Washington	director	400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109
Gregory Sessler	director	400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109
Meera Rao	director	1050 ENTERPRISE WAY, SUITE 700, SUNNYVALE CA 94089
Van Oppen Peter H	director	P O BOX 97057, REDMOND WA 98073-9757
Umesh Padval	director	BESSEMER VENTURE PARTNERS, 535 MIDDLEFIELD ROAD, SUITE 245, MENLO PARK CA 94025
Daniel Patrick Gibson	director, 10 percent owner	400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109
Denise Masters	officer: VP Accounting	400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109
Eric Brodersen	officer: President and COO	400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109