ManpowerGroup Inc (MAN)

Debt-to-assets ratio

		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
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	8,588,800	8,869,200	8,889,600	9,130,400	8,556,900	9,618,500	9,721,100	9,828,900	9,452,300	9,462,400	9,244,500	9,328,200	8,949,300	8,459,600	8,676,900	9,223,800	8,753,200	9,048,300	8,818,400
Debt-to-assets ratio		0.11	0.00	0.00	0.00	0.11	0.00	0.00	0.00	0.06	0.00	0.00	0.00	0.12	0.00	0.00	0.00	0.11	0.00	0.00	0.00

December 31, 2023 calculation

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

ManpowerGroup's debt-to-assets ratio has remained relatively stable at around 0.11 for the past several quarters, indicating that the company's level of debt in relation to its total assets has been consistent. This suggests that ManpowerGroup has been effectively managing its debt levels compared to its asset base.

The slight increase in the debt-to-assets ratio observed in Q2 2022 (0.15) could be a point of concern as it indicates a higher proportion of debt relative to assets during that period. However, the subsequent quarters show a return to more stable levels around 0.11.

Overall, the consistent debt-to-assets ratio suggests that ManpowerGroup has maintained a prudent approach to debt management, balancing its financial obligations with its asset base. It is important for the company to continue monitoring and managing its debt levels to ensure long-term financial stability and sustainability.