Insight Enterprises Inc (NSIT)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 3,048,030 | 2,802,130 | 2,687,430 | 2,152,990 |
| 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 |
| Current ratio | 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 | 1.62 | 1.60 | 1.38 | 1.53 |
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 some fluctuations over the past eight quarters. From Q1 2022 to Q3 2022, the current ratio steadily declined from 1.41 to 1.48 before experiencing a significant drop to 1.67 in Q3 2022. However, in the subsequent quarters, the ratio decreased consistently, reaching 1.28 in Q4 2023.
The current ratio indicates that Insight Enterprises Inc. may have experienced some challenges in meeting its short-term obligations in the most recent quarter compared to previous periods. A current ratio below 1 suggests potential liquidity issues, although Insight's current ratios have remained above 1 throughout the period, indicating the company's ability to cover its current liabilities with current assets.
Overall, Insight Enterprises Inc.'s current ratio trend suggests varying levels of liquidity and solvency over the past eight quarters, with the need for further examination to understand the factors driving these fluctuations.
Peer comparison
Dec 31, 2023