Insight Enterprises Inc (NSIT)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 6,286,350 | 5,112,580 | 4,689,080 | 4,310,730 | 4,178,180 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,286,350K
= 0.00
Insight Enterprises Inc.'s debt-to-assets ratio has fluctuated over the past five years, ranging from 0.08 in 2021 to 0.21 in 2019. The ratio indicates the percentage of the company's assets financed by debt. A lower ratio signifies a lower level of reliance on debt for financing operations and growth, suggesting a stronger financial position and less financial risk.
The increasing trend from 2021 to 2019 (0.08 to 0.21) indicates a higher proportion of assets being financed by debt during this period. However, this trend reversed in the subsequent years with the ratio decreasing to 0.10 in 2020 and then increasing slightly to 0.12 in 2022 before decreasing again to 0.15 in 2023.
Overall, Insight Enterprises Inc. seems to have managed its debt levels efficiently in recent years, considering the gradual decrease in the debt-to-assets ratio. It suggests that the company may be using less debt to finance its operations and could be relying more on equity, which can lead to a more stable financial position in the long run.
Peer comparison
Dec 31, 2023