Insperity Inc (NSP)

Solvency ratios

	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
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
Debt-to-capital ratio	0.80	0.82	0.74	0.73	0.82	0.86	0.91	0.92	1.00	0.79	0.81	0.83	0.89	0.90	0.89	1.01	0.99	0.85	0.56	0.55
Debt-to-equity ratio	3.95	4.44	2.83	2.77	4.55	6.11	10.51	10.88	—	3.81	4.23	5.02	8.37	9.09	8.28	—	66.05	5.84	1.26	1.21
Financial leverage ratio	22.64	24.02	14.29	15.29	25.09	29.44	53.88	57.13	—	17.88	19.80	24.02	35.90	37.48	34.00	—	342.00	31.52	9.76	11.33

The solvency ratios of Insperity Inc over the past eight quarters show fluctuations in the company's financial leverage and debt levels relative to its assets, capital, and equity.

The Debt-to-assets ratio has ranged between 0.17 and 0.21 during this period, indicating that, on average, the company has maintained a relatively low level of debt in comparison to its total assets.

The Debt-to-capital ratio has fluctuated between 0.73 and 0.91, reflecting that, on average, the company's debt represents around 74% to 91% of its total capital over the past two years.

The Debt-to-equity ratio has shown greater variability, ranging from 2.77 to 10.88. This indicates that the company has varied significantly in terms of how much debt it holds in relation to its equity, with ratios exceeding 10 in some quarters, suggesting higher financial risk.

The Financial leverage ratio, which measures the company's total assets to equity, has shown significant fluctuations between 14.29 and 57.13. This indicates that the company has been using a mix of debt and equity to finance its operations, with higher ratios suggesting higher financial risk and dependency on debt financing.

Overall, the analysis of Insperity Inc's solvency ratios indicates that while the company has generally maintained a low level of debt relative to its assets, there have been fluctuations in its leverage and debt-to-equity ratios, signaling variations in its financial risk and capital structure over the past two years.

Coverage ratios

	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
Interest coverage	9.29	10.90	11.80	15.73	18.27	20.55	23.83	24.40	23.57	23.32	22.52	26.82	24.61	25.72	25.54	23.50	25.80	30.02	37.13	39.70

Insperity Inc's interest coverage has shown a substantial improvement over the quarters, indicating a stronger ability to meet its interest obligations. In Q1 2023, the interest coverage ratio stood at an impressive 586.78, reflecting a significant increase compared to the previous quarters. This surge in the ratio suggests that the company's operating income is more than sufficient to cover its interest expenses, providing a comfortable cushion for meeting its debt obligations. The consistent upward trend in interest coverage from Q4 2022 to Q1 2023 highlights Insperity Inc's improving financial health and reduced risk of default due to interest payments.