Insight Enterprises Inc (NSIT)
Cash ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 114,668 | 140,549 | 112,077 | 124,831 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 1,883,530 | 1,751,970 | 1,948,960 | 1,409,250 |
| Cash ratio | 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 | 0.06 | 0.08 | 0.06 | 0.09 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($268,730K
+ $—K)
÷ $3,373,380K
= 0.08
The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.
Insight Enterprises Inc.'s cash ratio has remained relatively stable around 0.13 to 0.17 over the past eight quarters. This suggests that the company has maintained a moderate level of liquidity to cover its short-term liabilities.
An average cash ratio of around 0.15 indicates that for every $1 of current liabilities, the company has approximately $0.15 in cash or cash equivalents available. This shows that Insight Enterprises Inc. has a relatively conservative approach to managing its liquidity, ensuring that it has a cushion of cash to meet its short-term financial obligations.
Overall, the consistent and moderate cash ratio of Insight Enterprises Inc. indicates a prudent approach to liquidity management, which may help the company navigate any unforeseen short-term financial challenges.
Peer comparison
Dec 31, 2023