ManpowerGroup Inc (MAN)

Financial leverage 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
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
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
Financial leverage ratio		3.97	3.57	3.64	3.56	3.73	3.56	3.95	3.82	3.90	3.82	3.96	3.91	3.82	3.46	3.35	3.31	3.36	3.24	3.44	3.42

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $8,830,200K ÷ $2,223,300K
= 3.97

The financial leverage ratio for ManpowerGroup has shown some fluctuations over the last eight quarters. In Q4 2023, the financial leverage ratio was 3.97, indicating that the company has a higher proportion of debt financing compared to equity. This ratio decreased to 3.57 in Q3 2023 but then increased to 3.64 in Q2 2023 before dropping back to 3.56 in Q1 2023.

Comparing to the previous year, the financial leverage ratio in Q4 2022 was 3.73, which was higher than the most recent quarter. It then decreased to 3.56 in Q3 2022 before rising to 3.95 in Q2 2022 and then decreasing again to 3.82 in Q1 2022.

Overall, the trend in ManpowerGroup's financial leverage ratio fluctuated over the last eight quarters, signifying changes in the proportion of debt and equity in the company's capital structure. Investors and stakeholders may need to closely monitor these fluctuations to understand the company's risk profile and financial stability.