Insight Enterprises Inc (NSIT)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 1,735,730 | 1,626,050 | 1,568,960 | 1,573,600 | 1,638,070 | 1,620,790 | 1,613,100 | 1,539,190 | 1,509,230 | 1,448,920 | 1,401,830 | 1,383,170 | 1,342,430 | 1,262,890 | 1,207,360 | 1,150,570 | 1,160,320 | 1,102,640 | 1,079,580 | 1,026,220 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,735,730K)
= 0.00
Insight Enterprises Inc.'s debt-to-capital ratio has shown fluctuations over the past eight quarters, ranging from 0.25 to 0.40. A higher debt-to-capital ratio indicates a greater reliance on debt financing, while a lower ratio suggests a stronger capital position.
In Q4 2023, the debt-to-capital ratio increased to 0.35 from the previous quarter's 0.29. Despite this increase, the ratio remains within a moderate range compared to previous quarters.
In Q2 2022, the debt-to-capital ratio peaked at 0.40, indicating a higher level of debt relative to capital. However, the ratio declined in subsequent quarters, reaching its lowest point of 0.25 in Q1 2023, signifying a more favorable capital structure.
Overall, Insight Enterprises Inc.'s debt-to-capital ratio has displayed some variability but has generally remained at manageable levels. It is important to consider the company's overall financial health, growth prospects, and industry benchmarks when interpreting this ratio in isolation.
Peer comparison
Dec 31, 2023