ManpowerGroup Inc (MAN)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 8,201,000 | 8,830,200 | 9,130,400 | 9,828,900 | 9,328,200 |
| Total stockholders’ equity | US$ in thousands | 2,125,200 | 2,223,300 | 2,447,300 | 2,521,700 | 2,441,000 |
| Financial leverage ratio | 3.86 | 3.97 | 3.73 | 3.90 | 3.82 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $8,201,000K ÷ $2,125,200K
= 3.86
The financial leverage ratio of ManpowerGroup Inc has shown fluctuations over the years, ranging from 3.73 to 3.97. The ratio indicates that the company has been using debt as part of its capital structure. An increasing trend in the ratio from 2020 to 2023 suggests a higher reliance on debt financing to support its operations and growth. However, the ratio decreased in 2024, which could imply a potential shift towards a more balanced capital structure or a reduction in debt levels. Overall, with a financial leverage ratio above 1, ManpowerGroup Inc has a higher proportion of debt compared to equity in its capital structure, which may pose risks but can also potentially enhance returns for shareholders.
Peer comparison
Dec 31, 2024