Insight Enterprises Inc (NSIT)
Interest coverage
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 418,978 | 400,950 | 397,374 | 407,947 | 413,930 | 393,999 | 390,250 | 349,129 | 333,073 | 321,848 | 297,289 | 282,256 | 270,046 | 255,171 | 239,950 | 238,631 | 240,194 | 232,573 | 236,629 | 239,246 |
| Interest expense (ttm) | US$ in thousands | 41,124 | 42,099 | 41,799 | 41,777 | 39,497 | 39,796 | 38,415 | 38,615 | 40,516 | 40,318 | 39,101 | 39,737 | 41,594 | 43,057 | 41,636 | 35,752 | 28,478 | 21,722 | 19,830 | 20,427 |
| Interest coverage | 10.19 | 9.52 | 9.51 | 9.76 | 10.48 | 9.90 | 10.16 | 9.04 | 8.22 | 7.98 | 7.60 | 7.10 | 6.49 | 5.93 | 5.76 | 6.67 | 8.43 | 10.71 | 11.93 | 11.71 |
December 31, 2023 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $418,978K ÷ $41,124K
= 10.19
Insight Enterprises Inc. has maintained a consistently strong interest coverage ratio over the past eight quarters, ranging from 9.10 to 10.63. The interest coverage ratio measures the company's ability to meet its interest obligations through its operating income. A higher interest coverage ratio indicates a company is more capable of meeting its interest payments. Insight's interest coverage ratio above 1 suggests that the company's operating income is more than sufficient to cover its interest expenses, indicating financial stability and a lower risk of default on debt obligations. The average interest coverage ratio of approximately 10.08 over the eight quarters highlights the company's robust financial health and ability to comfortably service its debt.
Peer comparison
Dec 31, 2023