Insight Enterprises Inc (NSIT)
Interest coverage
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 390,949 | 418,978 | 419,907 | 330,427 | 286,177 |
| Interest expense | US$ in thousands | 58,036 | 41,124 | 39,497 | 40,516 | 41,594 |
| Interest coverage | 6.74 | 10.19 | 10.63 | 8.16 | 6.88 |
December 31, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $390,949K ÷ $58,036K
= 6.74
Insight Enterprises Inc's interest coverage has exhibited a generally positive trend over the past five years. Starting at 6.88 in December 2020, the interest coverage ratio has shown consistent improvement, reaching 8.16 by December 2021, and continuing to increase to 10.63 by December 2022. However, there was a slight decrease to 10.19 by December 2023, followed by a drop to 6.74 by December 2024. Overall, the company has demonstrated a healthy ability to meet its interest obligations with its operating income, although the fluctuations in recent years may warrant closer monitoring to understand the factors contributing to the variability in the interest coverage ratio.
Peer comparison
Dec 31, 2024