Insight Enterprises Inc (NSIT)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| Debt-to-equity 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 |
| Financial leverage ratio | 3.62 | 3.12 | 3.53 | 3.15 | 3.12 | 3.08 | 3.47 | 3.15 | 3.11 | 3.06 | 3.33 | 3.08 | 3.21 | 3.03 | 3.60 | 3.53 | 3.60 | 3.61 | 3.04 | 2.69 |
Insight Enterprises Inc.'s solvency ratios indicate its ability to meet its long-term financial obligations and manage debt effectively. The trend analysis reveals improvements in solvency over the quarters, as evidenced by declining debt-to-assets, debt-to-capital, and debt-to-equity ratios, showcasing a decreasing reliance on debt financing.
The debt-to-assets ratio decreased from 0.12 in Q2 2022 to 0.10 in Q1 2023, indicating the company's ability to finance its assets with less debt, thereby reducing financial risk.
Similarly, the debt-to-capital ratio declined from 0.40 in Q2 2022 to 0.25 in Q1 2023, reflecting a lower proportion of debt in the capital structure and an enhanced financial position.
Moreover, the debt-to-equity ratio decreased from 0.66 in Q2 2022 to 0.33 in Q1 2023, suggesting a more favorable mix of equity and debt in the company's capitalization, which can enhance financial stability.
The financial leverage ratio fluctuated but generally showed improvement, indicating a decreasing reliance on debt to finance the company's assets.
Overall, the declining trend in solvency ratios reflects a strengthening financial position for Insight Enterprises Inc., with lower leverage and improved ability to meet its debt obligations.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
Insight Enterprises Inc.'s interest coverage ratio has remained relatively stable over the quarters, ranging from 9.10 to 10.63. This indicates that the company has consistently generated sufficient operating income to cover its interest expenses.
The interest coverage ratio measures a company's ability to meet its interest obligations with its operating income. A ratio above 1 indicates that the company can comfortably pay its interest expenses, with higher values suggesting a stronger ability to cover these costs.
With Insight Enterprises Inc. consistently maintaining interest coverage ratios above 9, it suggests a healthy financial position and the ability to service its debt obligations effectively. However, it would be important to monitor any significant changes in this ratio over time to ensure the sustainability of the company's financial health.