Insperity Inc (NSP)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 93,624 | 81,275 | -1,774 | 44,132 | 4,079 |
| Debt-to-equity ratio | 3.95 | 4.55 | — | 8.37 | 66.05 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $369,400K ÷ $93,624K
= 3.95
The debt-to-equity ratio of Insperity Inc has shown a decreasing trend over the years, indicating a positive development in the company's capital structure. In 2019, the ratio was notably high at 66.05, reflecting a high level of debt relative to equity. However, the company has made significant improvements since then, with the ratio decreasing to 8.37 in 2020 and further to 4.55 in 2022. This trend suggests that Insperity Inc has been reducing its reliance on debt financing and strengthening its equity position. Although there was no data provided for 2021, the ratio continued to improve to 3.95 by the end of 2023. Overall, the decreasing trend in the debt-to-equity ratio indicates a more favorable balance between debt and equity in the company's capital structure, which could enhance its financial stability and reduce potential financial risks.
Peer comparison
Dec 31, 2023