Insight Enterprises Inc (NSIT)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 259,234 | 317,449 | 256,307 | 379,111 | 268,730 | 244,324 | 195,954 | 175,726 | 163,637 | 136,653 | 137,529 | 114,758 | 103,840 | 107,350 | 107,813 | 138,753 | 128,313 | 75,237 | 153,866 | 62,660 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.06 | 0.08 | 0.06 | 0.11 | 0.08 | 0.09 | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 | 0.04 | 0.04 | 0.05 | 0.04 | 0.06 | 0.06 | 0.04 | 0.06 | 0.03 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($259,234K
+ $—K
+ $—K)
÷ $4,122,200K
= 0.06
Insight Enterprises Inc's quick ratio has fluctuated over the period from March 31, 2020, to December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
From March 31, 2020, to September 30, 2020, the quick ratio fluctuated between 0.03 and 0.06. It improved slightly by December 31, 2020, and continued to fluctuate around 0.06 in the following quarters. However, by March 31, 2023, the quick ratio increased to 0.11, indicating a stronger ability to meet short-term obligations with liquid assets.
The quick ratio decreased to 0.06 by June 30, 2024, before increasing to 0.08 by September 30, 2024. This improvement suggests that the company may have enhanced its liquidity position during that period.
Overall, Insight Enterprises Inc's quick ratio showed significant fluctuations but trended towards improvement towards the end of the period, indicating an enhanced ability to cover short-term obligations with liquid assets.
Peer comparison
Dec 31, 2024