Insight Enterprises Inc (NSIT)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,735,730 | 1,638,070 | 1,509,230 | 1,342,430 | 1,160,320 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,735,730K)
= 0.00
The debt-to-capital ratio of Insight Enterprises Inc. has fluctuated over the past five years, as indicated in the table. The ratio stood at 0.35 at the end of 2023, representing an increase from the previous year. This suggests that the company relied more on debt financing relative to its total capital structure compared to the prior period.
In 2022, the ratio was 0.28, indicating a slight increase from 2021 but still lower than the latest figure. The debt-to-capital ratio was at its lowest point in 2021 at 0.19, reflecting a significant reduction in the proportion of debt to total capital compared to other years. This lower ratio could signify either prudent management of debt levels or an increase in equity financing during that year.
In 2020, the ratio stood at 0.25, showing a moderate increase from the previous year, but still lower than the more recent ratios. Back in 2019, the company had a higher debt-to-capital ratio of 0.43, indicating a relatively higher reliance on debt financing compared to the most recent years.
Overall, the fluctuation in Insight Enterprises Inc.'s debt-to-capital ratio over the five-year period suggests varying levels of debt utilization and capital structure management. It is important for investors and stakeholders to monitor these changes to assess the company's financial risk, leverage position, and overall stability.
Peer comparison
Dec 31, 2023