Insight Enterprises Inc (NSIT)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,735,730K
= 0.00
Insight Enterprises Inc.'s debt-to-equity ratio has fluctuated over the past five years, indicating variations in the company's capital structure and financial leverage.
In 2023, the debt-to-equity ratio stands at 0.54, representing an increase from the previous year's ratio of 0.39. This suggests that the company has taken on more debt relative to equity in the most recent period, potentially indicating a higher financial risk as a greater proportion of the company's assets are funded by debt.
Comparing to the ratios in 2021 and 2020, where the ratios were 0.24 and 0.33 respectively, the current 2023 ratio of 0.54 is significantly higher, signaling a notable shift towards increased indebtedness.
Looking back to 2019, Insight Enterprises Inc. had a relatively higher debt-to-equity ratio of 0.74. Therefore, the company has made progress in reducing its debt relative to equity since then, although the ratio has increased in 2023 compared to the preceding years.
Overall, Insight Enterprises Inc.'s debt-to-equity ratio indicates a changing financial structure over the years, with the latest figure pointing to a higher reliance on debt financing in the company's capital mix. Investors and stakeholders may monitor this trend closely to assess the implications for the company's financial health and risk profile.
Peer comparison
Dec 31, 2023