ManpowerGroup Inc (MAN)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	990,500	959,900	565,700	1,103,500	1,012,400
Total assets	US$ in thousands	8,830,200	9,130,400	9,828,900	9,328,200	9,223,800
Debt-to-assets ratio		0.11	0.11	0.06	0.12	0.11

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $990,500K ÷ $8,830,200K
= 0.11

The debt-to-assets ratio for ManpowerGroup has remained relatively stable over the past five years, ranging between 0.11 and 0.12. This indicates that the company's level of debt in relation to its total assets has not shown significant fluctuations during this period.

A debt-to-assets ratio of around 0.11 to 0.12 suggests that ManpowerGroup relies more on equity financing rather than debt to fund its operations and investments. This can be seen as a positive sign, indicating a lower financial risk for the company, as it is not overly leveraged.

Overall, the consistency in the debt-to-assets ratio implies that ManpowerGroup has maintained a prudent balance between debt and assets in its capital structure over the years, potentially enabling it to withstand economic downturns and financial challenges.