Insight Enterprises Inc (NSIT)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 114,668 | 140,549 | 112,077 | 124,831 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 3,568,290 | 3,072,100 | 3,666,080 | 3,087,100 | 3,283,440 | 3,047,740 | 3,610,450 | 3,025,700 | 2,952,050 | 2,754,150 | 3,045,320 | 2,583,720 | 2,693,850 | 2,267,720 | 2,677,560 | 2,464,380 | 2,526,460 | 2,320,680 | 2,284,920 | 1,723,820 |
| 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 |
| Quick ratio | 1.14 | 1.21 | 1.17 | 1.13 | 1.20 | 1.40 | 1.26 | 1.17 | 1.21 | 1.33 | 1.27 | 1.25 | 1.27 | 1.19 | 1.16 | 1.33 | 1.40 | 1.40 | 1.23 | 1.31 |
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 some fluctuations over the past eight quarters. The quick ratio measures a company's ability to meet short-term obligations using its most liquid assets, excluding inventory.
The quick ratio has generally been above 1, which indicates that the company has enough liquid assets to cover its current liabilities. Ideally, a quick ratio above 1 signifies a healthy financial position, as it implies that the company can easily settle its short-term debts without relying on inventory.
In the latest quarter, Q4 2023, the quick ratio was 1.23, indicating a slight decrease from the previous quarter. While the quick ratio remains above 1, it is essential to monitor this ratio closely to ensure that the company continues to have enough liquid assets to cover its short-term obligations.
The highest quick ratio recorded in the past eight quarters was 1.50 in Q3 2022, while the lowest was 1.21 in Q1 2023. These fluctuations suggest some variability in the company's liquidity position over the period under review.
Overall, Insight Enterprises Inc. has generally maintained a solid quick ratio above the desired threshold of 1, indicating a healthy ability to meet its short-term financial obligations. However, continuous monitoring of this ratio is crucial to ensure ongoing liquidity and financial stability.
Peer comparison
Dec 31, 2023