Insight Enterprises Inc (NSIT)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 259,234 | 268,730 | 163,637 | 103,840 | 128,313 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,122,200 | 3,373,380 | 2,866,410 | 2,515,260 | 2,227,460 |
| Quick ratio | 0.06 | 0.08 | 0.06 | 0.04 | 0.06 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($259,234K
+ $—K
+ $—K)
÷ $4,122,200K
= 0.06
The quick ratio of Insight Enterprises Inc has shown fluctuating trends over the past five years. As of December 31, 2020, the quick ratio was at a low of 0.06, indicating that the company had limited liquid assets available to cover its short-term liabilities.
Subsequently, the quick ratio decreased further to 0.04 by December 31, 2021, suggesting a potential liquidity strain. However, there was a modest improvement by December 31, 2022, with the ratio increasing to 0.06, although it remained relatively low.
By December 31, 2023, the quick ratio improved to 0.08, indicating a better ability to meet short-term obligations with its liquid assets. Nevertheless, by December 31, 2024, the ratio decreased back to 0.06, showing a slight regression in liquidity.
Overall, the quick ratio of Insight Enterprises Inc has displayed some volatility, signaling potential liquidity challenges in certain periods. Management may need to closely monitor and manage the company's short-term liquidity position to ensure it can meet its obligations effectively in the future.
Peer comparison
Dec 31, 2024