Insperity Inc (NSP)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,595,290 | 1,511,870 | 1,244,850 | 1,077,270 | 974,746 |
| Total current liabilities | US$ in thousands | 1,436,290 | 1,353,370 | 1,128,570 | 904,924 | 869,045 |
| Current ratio | 1.11 | 1.12 | 1.10 | 1.19 | 1.12 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,595,290K ÷ $1,436,290K
= 1.11
The current ratio of Insperity Inc has shown some fluctuations over the past five years. The ratio measures the company's ability to cover its short-term liabilities with its short-term assets.
In 2023, the current ratio decreased slightly to 1.11 compared to 1.12 in 2022. This indicates that the company may have slightly less liquidity to cover its current obligations in 2023.
Looking back further, the ratio was also lower in 2021 at 1.10, but then it improved in 2020 at 1.19. The current ratio in 2019 was 1.12, which is similar to the 2022 ratio.
Overall, although the current ratio has fluctuated slightly over the years, Insperity Inc has generally maintained a current ratio above 1. This suggests that the company has been able to meet its short-term financial obligations with its current assets, albeit with some variations in liquidity levels from year to year.
Peer comparison
Dec 31, 2023