Insperity Inc (NSP)

Debt-to-assets 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
Long-term debt	US$ in thousands	369,400	369,400	369,400	369,400	369,400	369,400	369,400	369,400	369,400	369,400	369,400	369,400	369,400	369,400	369,400	369,400	269,400	239,400	169,400	144,400
Total assets	US$ in thousands	2,119,660	1,996,470	1,865,270	2,039,970	2,039,260	1,781,510	1,892,910	1,940,080	1,753,080	1,734,050	1,728,080	1,769,080	1,584,280	1,523,280	1,517,730	1,522,410	1,395,000	1,292,120	1,317,000	1,350,980
Debt-to-assets ratio		0.17	0.19	0.20	0.18	0.18	0.21	0.20	0.19	0.21	0.21	0.21	0.21	0.23	0.24	0.24	0.24	0.19	0.19	0.13	0.11

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 some fluctuation over the past eight quarters. The ratio ranged from 0.17 to 0.21 during this period. Generally, a lower debt-to-assets ratio indicates a lower level of financial risk, as it suggests that the company relies less on debt to finance its assets. Insperity Inc's debt-to-assets ratio has been relatively stable, with moderate fluctuations within a relatively narrow range. This suggests that the company has been able to manage its debt levels in relation to its total assets effectively. However, it is important for investors and stakeholders to continue monitoring the trend of the debt-to-assets ratio over time to assess the company's long-term financial health and sustainable growth.