ManpowerGroup Inc (MAN)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	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	2,743,000	2,698,100	2,632,500	2,575,600
Debt-to-equity ratio		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	0.37	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $990,500K ÷ $2,223,300K
= 0.45

The debt-to-equity ratio of ManpowerGroup has fluctuated over the past eight quarters, ranging from 0.37 to 0.58. A lower debt-to-equity ratio indicates that the company is relying less on debt financing and may be considered less risky by investors.

In the most recent quarter, Q4 2023, the debt-to-equity ratio stands at 0.45, which is higher compared to the previous quarter but lower than the peak ratio observed in Q2 2022. This suggests that ManpowerGroup has a moderate level of debt relative to its equity, indicating a somewhat balanced capital structure.

Overall, the trend in the debt-to-equity ratio of ManpowerGroup shows some variability but generally indicates that the company has been managing its debt levels reasonably well within the observed period. Investors and analysts may want to monitor future changes in the ratio to assess the company's financial leverage and risk profile.