Insight Enterprises Inc (NSIT)

Cash ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash and cash equivalents US$ in thousands 259,234 268,730 163,637 103,840 128,313
Short-term investments US$ in thousands
Total current liabilities US$ in thousands 4,122,200 3,373,380 2,866,410 2,515,260 2,227,460
Cash ratio 0.06 0.08 0.06 0.04 0.06

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($259,234K + $—K) ÷ $4,122,200K
= 0.06

The cash ratio of Insight Enterprises Inc has exhibited some fluctuation over the past few years. As of December 31, 2020, the cash ratio was 0.06, indicating that for every dollar of current liabilities, the company had $0.06 in cash or cash equivalents.

However, by December 31, 2021, the cash ratio decreased to 0.04, signaling a decrease in the company's ability to cover its short-term obligations with cash on hand. This decline could be attributed to various factors such as increased operational expenses or lower cash reserves.

Subsequently, by December 31, 2022, the cash ratio recovered to 0.06, matching the level seen in 2020. This improvement suggests that the company may have taken measures to enhance its liquidity position or manage its working capital more effectively.

The cash ratio continued to grow, reaching 0.08 by December 31, 2023, indicating an even stronger ability to meet short-term obligations with available cash resources. This uptrend could signify better cash management practices or an increase in cash reserves over the period.

By December 31, 2024, the cash ratio reverted to 0.06, aligning with the levels observed in 2020 and 2022. Overall, Insight Enterprises Inc's cash ratio has shown some variability, but the company appears to have maintained a moderate capacity to cover its immediate financial obligations with cash holdings, albeit with fluctuations in the ratio over time.


Peer comparison

Dec 31, 2024