ManpowerGroup Inc (MAN)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 929,400 | 990,500 | 959,900 | 565,700 | 1,103,500 |
| Total assets | US$ in thousands | 8,201,000 | 8,830,200 | 9,130,400 | 9,828,900 | 9,328,200 |
| Debt-to-assets ratio | 0.11 | 0.11 | 0.11 | 0.06 | 0.12 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $929,400K ÷ $8,201,000K
= 0.11
The debt-to-assets ratio of ManpowerGroup Inc has shown some fluctuations over the past five years. It decreased from 0.12 on December 31, 2020, to 0.06 on December 31, 2021, reflecting a significant reduction in debt relative to total assets. However, from December 31, 2021, to December 31, 2022, the ratio increased to 0.11, indicating an uptick in the proportion of debt to total assets. Subsequently, the ratio remained stable at 0.11 for the years ending December 31, 2023 and December 31, 2024. Overall, the company's debt-to-assets ratio suggests a prudent level of leverage, with a relatively low reliance on debt financing to support its asset base.
Peer comparison
Dec 31, 2024