Insperity Inc (NSP)
Debt-to-equity ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 369,000 | 369,000 | 369,000 | 369,000 | 369,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 97,000 | 125,000 | 142,000 | 140,000 | 94,000 | 83,000 | 131,000 | 133,000 | 81,000 | 60,503 | 35,132 | 33,961 | -1,774 | 97,006 | 87,262 | 73,644 | 44,132 | 40,639 | 44,638 | -3,310 |
| Debt-to-equity ratio | 3.80 | 2.95 | 2.60 | 2.64 | 3.93 | 4.45 | 2.82 | 2.78 | 4.56 | 6.11 | 10.51 | 10.88 | — | 3.81 | 4.23 | 5.02 | 8.37 | 9.09 | 8.28 | — |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $369,000K ÷ $97,000K
= 3.80
The debt-to-equity ratio is a financial metric that indicates the proportion of debt used to finance a company's assets relative to the equity (or ownership) of its shareholders.
For Insperity Inc, the debt-to-equity ratio fluctuated over the years based on the provided data. As of March 31, 2020, and December 31, 2021, the ratio was not available (denoted as "—"), which may imply a lack of debt or a specific recording issue during those periods.
From June 30, 2020, to June 30, 2021, there was a notable decline in the debt-to-equity ratio, suggesting a reduction in debt relative to equity. This trend continued until December 31, 2023, with the ratio consistently decreasing, indicating that the company was relying less on debt financing.
However, the ratio increased from March 31, 2024, to September 30, 2024, although it remained relatively low compared to previous periods. This uptick might indicate a slight increase in debt utilization for financing purposes.
Overall, the downward trend in the debt-to-equity ratio from 2020 to 2023 signifies a healthier financial structure for Insperity Inc, with a lower dependency on debt for funding its operations and investments. The moderate increase in the ratio towards the end of the period could warrant further analysis to understand the factors driving the change.
Peer comparison
Dec 31, 2024