ManpowerGroup Inc (MAN)
Debt-to-equity ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2,176,100 | 2,136,900 | 2,176,700 | 2,223,300 | 2,402,700 | 2,439,200 | 2,498,400 | 2,447,300 | 2,406,100 | 2,435,200 | 2,545,500 | 2,521,700 | 2,473,400 | 2,387,100 | 2,366,300 | 2,441,000 | 2,588,700 | 2,526,000 | 2,620,200 |
| Debt-to-equity ratio | 0.44 | 0.00 | 0.00 | 0.00 | 0.45 | 0.00 | 0.00 | 0.00 | 0.39 | 0.00 | 0.00 | 0.00 | 0.22 | 0.00 | 0.00 | 0.00 | 0.45 | 0.00 | 0.00 | 0.00 |
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 shown fluctuations over the past few years. It stood at 0.00 for the first three quarters of 2020 and 2021, indicating that the company had no debt during those periods. However, by the end of December 2020, the ratio increased to 0.45, suggesting an increase in debt relative to equity.
Subsequently, the ratio decreased to 0.22 by the end of December 2021 before rising again to 0.39 by the end of December 2022. This indicates a fluctuating level of debt compared to equity in the company's capital structure during these periods.
As of December 31, 2023, the debt-to-equity ratio was 0.45, which was consistent with the ratio observed at the end of December 2020. The ratio remained stable at around 0.44 by the end of December 2024, indicating that the company's debt levels relative to equity have been relatively steady in recent years.
Overall, the trend in ManpowerGroup Inc's debt-to-equity ratio suggests that the company has maintained a moderate level of debt in relation to its equity, with some fluctuations in certain periods. It is important to monitor this ratio in conjunction with other financial metrics to assess the company's overall financial health and risk profile.
Peer comparison
Dec 31, 2024