Insight Enterprises Inc (NSIT)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,844,620 | 4,660,510 | 4,899,480 | 4,441,350 | 4,331,300 | 3,710,250 | 4,339,780 | 3,745,820 | 3,900,670 | 3,784,660 | 4,401,000 | 3,768,240 | 3,568,310 | 3,322,990 | 3,555,230 | 3,153,690 | 3,176,450 | 2,726,410 | 3,264,490 | 2,966,160 |
| 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 |
| Current ratio | 1.18 | 1.24 | 1.22 | 1.27 | 1.28 | 1.36 | 1.31 | 1.30 | 1.36 | 1.67 | 1.48 | 1.41 | 1.42 | 1.55 | 1.43 | 1.45 | 1.43 | 1.39 | 1.34 | 1.56 |
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 fluctuations over the past five years, ranging from a low of 1.18 to a high of 1.67. Generally, a current ratio above 1 indicates that the company has more current assets than current liabilities, which is considered a positive sign of financial health.
Between March 31, 2020, and March 31, 2022, the current ratio remained relatively stable, hovering between 1.34 and 1.56. However, there was a noticeable increase in the current ratio in the latter half of 2022, reaching a peak of 1.67 on September 30, 2022. This may suggest an improvement in the company's liquidity position, allowing it to meet its short-term obligations more comfortably.
Subsequently, there was a gradual decline in the current ratio from December 31, 2022, to December 31, 2024, indicating a potential decrease in current assets relative to current liabilities during this period. The current ratio reached its lowest point of 1.18 on December 31, 2024.
Overall, while the current ratio has experienced fluctuations, Insight Enterprises Inc has generally maintained a current ratio above 1, reflecting the company's ability to cover its short-term liabilities with its current assets. Continued monitoring of the current ratio will be essential to assess the company's liquidity position in the future and ensure it remains financially stable.
Peer comparison
Dec 31, 2024