Insperity Inc (NSP)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	369,400	369,400	369,400	369,400	269,400
Total assets	US$ in thousands	2,119,660	2,039,260	1,753,080	1,584,280	1,395,000
Debt-to-assets ratio		0.17	0.18	0.21	0.23	0.19

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $369,400K ÷ $2,119,660K
= 0.17

The debt-to-assets ratio of Insperity Inc has shown a downward trend over the past five years, indicating a favorable trend in the company's capital structure. In 2023, the ratio decreased to 0.17 from 0.18 in 2022, continuing the downward trajectory from previous years. This suggests that the company relies less on debt to finance its assets, which can reduce financial risk and increase financial stability. Overall, the decreasing trend in the debt-to-assets ratio reflects a positive financial position for Insperity Inc with a stronger asset base relative to its debt obligations.