Insperity Inc (NSP)

Cash 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
Cash and cash equivalents	US$ in thousands	692,873	678,588	580,093	696,588	732,828	562,143	510,869	576,654	575,812	467,921	455,387	494,777	554,846	372,356	459,399	404,728	367,342	243,439	324,926	398,936
Short-term investments	US$ in thousands	135,313	116,670	135,260	91,081	90,031	77,982	75,710	45,676	120,742	82,610	82,584	82,570	82,521	72,861	75,230	39,002	47,946	77,036	74,644	78,088
Total current liabilities	US$ in thousands	1,436,290	1,321,360	1,135,680	1,302,960	1,353,370	1,121,250	1,246,600	1,286,600	1,128,570	1,004,180	1,002,690	1,044,350	904,924	841,070	840,563	888,458	869,045	761,212	769,848	850,389
Cash ratio		0.58	0.60	0.63	0.60	0.61	0.57	0.47	0.48	0.62	0.55	0.54	0.55	0.70	0.53	0.64	0.50	0.48	0.42	0.52	0.56

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($692,873K + $135,313K) ÷ $1,436,290K
= 0.58

Insperity Inc's cash ratio has shown some fluctuations throughout the past eight quarters. The cash ratio has ranged from a low of 0.53 in Q2 2022 to a high of 0.66 in Q1 2023. Generally, the company's cash ratio has been above 0.5, indicating that it has a relatively healthy level of cash and cash equivalents compared to its current liabilities. However, the downward trend in the cash ratio from Q1 2023 to Q4 2023 suggests that the company may have experienced a decrease in its ability to cover its short-term liabilities with its available cash. It would be important to further investigate the reasons behind this trend to assess the company's liquidity position accurately and evaluate its capability to meet its obligations in the short term.