ManpowerGroup Inc (MAN)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 2,125,200 | 2,223,300 | 2,447,300 | 2,521,700 | 2,441,000 |
| Debt-to-equity ratio | 0.44 | 0.45 | 0.39 | 0.22 | 0.45 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $929,400K ÷ $2,125,200K
= 0.44
ManpowerGroup Inc's debt-to-equity ratio has fluctuated over the past five years. As of December 31, 2020, the ratio stood at 0.45, indicating that the company had more debt relative to its equity. However, by December 31, 2021, the ratio decreased significantly to 0.22, suggesting a more favorable mix of debt and equity in the company's capital structure.
In the following years, the ratio experienced some fluctuation, with values of 0.39, 0.45, and 0.44 as of December 31, 2022, 2023, and 2024, respectively. These values indicate that the company maintained a moderate level of debt compared to its equity during these periods.
Overall, the trend in ManpowerGroup Inc's debt-to-equity ratio shows variability, with a notable decrease in 2021 followed by some fluctuations in the subsequent years. Investors and stakeholders may consider monitoring this ratio to assess the company's financial leverage and risk profile.
Peer comparison
Dec 31, 2024