Insight Enterprises Inc (NSIT)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 6,286,350 | 5,078,220 | 5,542,330 | 4,960,530 | 5,112,580 | 4,997,710 | 5,604,320 | 4,849,790 | 4,689,080 | 4,435,380 | 4,667,050 | 4,254,610 | 4,310,730 | 3,827,310 | 4,341,480 | 4,057,020 | 4,178,180 | 3,982,360 | 3,286,000 | 2,756,470 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 shown a fluctuating trend over the past eight quarters. The ratio ranged from 0.10 to 0.19 during this period, indicating the proportion of the company's total assets financed by debt.
In Q4 2023 and Q3 2023, the company's debt-to-assets ratio decreased to 0.15 and 0.13 respectively, suggesting that less of its assets were funded by debt compared to the earlier quarters. This indicates a potential improvement in the company's debt management or an increase in total assets.
The lowest ratio observed was in Q1 2023 at 0.10, indicating a conservative approach to debt financing or significant growth in assets without a corresponding increase in debt. Conversely, the highest ratio was in Q2 2022 at 0.19, signaling a higher reliance on debt to fund assets during that period.
Overall, the fluctuating trend in Insight Enterprises Inc.'s debt-to-assets ratio over the past two years demonstrates varying levels of leverage and financial risk management. Further analysis of the company's financial performance and debt structure is recommended to assess the impact of these fluctuations on its overall financial health and stability.
Peer comparison
Dec 31, 2023