ManpowerGroup Inc (MAN)

ManpowerGroup Inc's solvency ratios indicate the company's ability to meet its long-term financial obligations.

1. Debt-to-assets ratio:
- The debt-to-assets ratio has shown a decreasing trend from 2020 to 2021, indicating lower reliance on debt to finance assets. However, there was a slight increase in 2022 followed by stability in the subsequent years, suggesting a moderate level of debt relative to total assets.

2. Debt-to-capital ratio:
- The debt-to-capital ratio also exhibited a decreasing trend from 2020 to 2021, indicating a lower proportion of debt in the capital structure. The ratio fluctuated in the following years but generally remained relatively stable, reflecting a moderate level of debt in the capital mix.

3. Debt-to-equity ratio:
- The debt-to-equity ratio declined significantly from 2020 to 2021, signaling a reduced reliance on debt financing compared to equity. The ratio fluctuated around a certain level in the later years, indicating a balanced mix of debt and equity in the company's capital structure.

4. Financial leverage ratio:
- The financial leverage ratio remained relatively stable over the years, with minor fluctuations observed. This ratio reflects the company's ability to use debt to support its operations and investments while maintaining a reasonable level of financial risk.

Overall, ManpowerGroup Inc's solvency ratios suggest a prudent approach to managing debt and capital structure, maintaining a moderate level of leverage to support its long-term financial health.

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Coverage ratios

To analyze ManpowerGroup Inc's interest coverage ratio, we examine the ratio of earnings before interest and taxes (EBIT) to interest expenses.

Here is the detailed analysis based on the provided data:
- As of December 31, 2020, the interest coverage ratio was 4.33, indicating that ManpowerGroup's EBIT was 4.33 times greater than its interest expenses for that period.
- The interest coverage ratio significantly improved to 15.09 by December 31, 2021, suggesting a more robust ability to cover interest payments.
- By December 31, 2022, the interest coverage ratio remained strong at 12.40, reflecting continued solid financial health.
- Unfortunately, data for December 31, 2023, and December 31, 2024, is not available (denoted as "—"), making it difficult to assess the trend beyond 2022.

Overall, ManpowerGroup Inc has shown a positive trend in its interest coverage ratio from 2020 to 2022, indicating a healthy ability to meet its interest obligations. However, the lack of data for 2023 and 2024 limits a more comprehensive analysis of the company's financial stability in the future.