Insight Enterprises Inc (NSIT)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 259,234 | 317,449 | 256,307 | 379,111 | 268,730 | 244,324 | 195,954 | 175,726 | 163,637 | 136,653 | 137,529 | 114,758 | 103,840 | 107,350 | 107,813 | 138,753 | 128,313 | 75,237 | 153,866 | 62,660 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,122,200 | 3,744,130 | 4,011,420 | 3,498,970 | 3,373,380 | 2,735,320 | 3,313,230 | 2,884,200 | 2,866,410 | 2,273,040 | 2,968,920 | 2,677,690 | 2,515,260 | 2,145,760 | 2,483,650 | 2,175,070 | 2,227,460 | 1,964,000 | 2,430,960 | 1,896,600 |
| Cash ratio | 0.06 | 0.08 | 0.06 | 0.11 | 0.08 | 0.09 | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 | 0.04 | 0.04 | 0.05 | 0.04 | 0.06 | 0.06 | 0.04 | 0.06 | 0.03 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($259,234K
+ $—K)
÷ $4,122,200K
= 0.06
Insight Enterprises Inc's cash ratio, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, has shown some fluctuations over the periods presented. The cash ratio increased from 0.03 on March 31, 2020, to 0.06 on June 30, 2020, and then decreased slightly to 0.04 on September 30, 2020. It increased again to 0.06 on December 31, 2020, and remained at this level until March 31, 2021. However, there was a slight decrease to 0.04 on June 30, 2021, followed by a modest increase to 0.05 on September 30, 2021.
Subsequently, the cash ratio remained relatively stable at 0.04 for the periods ending December 31, 2021, March 31, 2022, and June 30, 2022. It then increased to 0.05 on September 30, 2022, and further to 0.06 on December 31, 2022, a level maintained until March 31, 2023. Notably, there was a significant increase to 0.09 on September 30, 2023, indicating a stronger cash position relative to short-term obligations.
However, the cash ratio decreased to 0.08 on December 31, 2023, before increasing again to 0.11 on March 31, 2024, reflecting a substantial improvement in liquidity. Subsequently, the cash ratio decreased slightly to 0.06 on June 30, 2024, followed by a slight increase to 0.08 on September 30, 2024, and a return to 0.06 on December 31, 2024.
Overall, Insight Enterprises Inc's cash ratio has generally shown fluctuations over the periods analyzed, indicating varying levels of liquidity and ability to meet short-term obligations with cash and cash equivalents. The company experienced both increases and decreases in its cash ratio, with some periods reflecting stronger liquidity positions than others.
Peer comparison
Dec 31, 2024