Insight Enterprises Inc (NSIT)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 268,730 | 163,637 | 103,840 | 128,313 | 114,668 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 3,568,290 | 3,283,440 | 2,952,050 | 2,693,850 | 2,526,460 |
| Total current liabilities | US$ in thousands | 3,373,380 | 2,866,410 | 2,515,260 | 2,227,460 | 1,883,530 |
| Quick ratio | 1.14 | 1.20 | 1.21 | 1.27 | 1.40 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($268,730K
+ $—K
+ $3,568,290K)
÷ $3,373,380K
= 1.14
Insight Enterprises Inc.'s quick ratio has shown a declining trend over the past five years. The quick ratio, which measures the company's ability to meet short-term obligations with its most liquid assets, was 1.23 in 2023 compared to 1.27 in 2022, 1.29 in 2021, 1.34 in 2020, and 1.47 in 2019.
A quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its short-term liabilities. While the quick ratio of Insight Enterprises Inc. has been above 1 in all years, the decreasing trend suggests a potential weakening liquidity position over time.
Further analysis of the company's current assets composition compared to its current liabilities would provide a more in-depth understanding of Insight Enterprises Inc.'s liquidity position and ability to meet its short-term obligations.
Peer comparison
Dec 31, 2023