Insight Enterprises Inc (NSIT)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,844,620 | 4,331,300 | 3,900,670 | 3,568,310 | 3,176,450 |
| Total current liabilities | US$ in thousands | 4,122,200 | 3,373,380 | 2,866,410 | 2,515,260 | 2,227,460 |
| Current ratio | 1.18 | 1.28 | 1.36 | 1.42 | 1.43 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,844,620K ÷ $4,122,200K
= 1.18
Insight Enterprises Inc's current ratio has shown a gradual decline over the past five years, from 1.43 in December 31, 2020, to 1.18 in December 31, 2024. This indicates that the company's ability to meet its short-term obligations with its current assets has weakened over this period. While the current ratio remains above 1.0 in each year, suggesting that the company has sufficient current assets to cover its current liabilities, the decreasing trend raises concerns about the company's liquidity position. Management should closely monitor and assess the reasons behind this decline, and take appropriate actions to improve the company's liquidity position and ensure it can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024