Insight Enterprises Inc (NSIT)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,331,300 | 3,900,670 | 3,568,310 | 3,176,450 | 3,048,030 |
| Total current liabilities | US$ in thousands | 3,373,380 | 2,866,410 | 2,515,260 | 2,227,460 | 1,883,530 |
| Current ratio | 1.28 | 1.36 | 1.42 | 1.43 | 1.62 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,331,300K ÷ $3,373,380K
= 1.28
Insight Enterprises Inc.'s current ratio has exhibited a downward trend over the past five years, decreasing from 1.62 in 2019 to 1.28 in 2023. The current ratio measures the company's ability to meet its short-term liabilities with its current assets. A higher current ratio indicates that the company is better positioned to cover its short-term obligations.
The decreasing current ratio may suggest a potential weakening in Insight Enterprises Inc.'s liquidity position over the years. It is essential to assess the reasons behind this decline, such as changes in current assets or liabilities, to determine the company's ability to efficiently manage its short-term financial obligations. Further analysis of other liquidity ratios and the company's overall financial health would provide a more comprehensive understanding of Insight Enterprises Inc.'s current liquidity position.
Peer comparison
Dec 31, 2023