ManpowerGroup Inc (MAN)

Financial leverage 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
Total assets	US$ in thousands	8,201,000	8,478,300	8,453,600	8,488,600	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
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
Financial leverage ratio		3.86	3.90	3.96	3.90	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

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 been fluctuating over the reporting period. The ratio increased from 3.31 as of March 31, 2020, to a peak of 3.96 as of June 30, 2021, indicating an increase in financial leverage during this period. Subsequently, the ratio decreased to 3.56 as of March 31, 2023, before rising again to 3.97 by December 31, 2023.

There were fluctuations observed thereafter, with the ratio ranging between 3.56 and 3.96 until December 31, 2024, where it stood at 3.86. Overall, the financial leverage ratio of ManpowerGroup Inc reflects the company's level of debt relative to its equity position throughout the reporting period, showing variations in the firm's capital structure and financial risk profile.