Manhattan Associates Inc (MANH)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 2.42 | 2.51 | 2.15 | 2.13 | 2.62 |
The solvency ratios for Manhattan Associates, Inc. over the past five years indicate a consistent trend of low leverage and minimal debt usage. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have all remained at 0.00, signifying that the company has not utilized any debt in its capital structure during this period.
However, the financial leverage ratio has fluctuated slightly, ranging from 2.15 to 2.62 over the same period. This ratio indicates that for every dollar of equity, Manhattan Associates has borrowed around $2.42 to $2.62, demonstrating a moderate level of financial leverage but still within a reasonable range.
Overall, the company's solvency ratios suggest a conservative approach to financing its operations, with a lower reliance on debt to fund its activities. This prudent financial strategy can reduce the company's risk exposure and enhance its financial stability in the long term.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | — | 256.21 | 265.48 | 167.24 | 137.84 |
In the given table, there is no data provided for Manhattan Associates, Inc.'s interest coverage ratio for the years ending on December 31st from 2019 to 2023.
Interest coverage ratio is a financial metric used to evaluate a company's ability to meet its interest obligations on outstanding debt. A higher interest coverage ratio indicates that the company is more capable of servicing its debt with its earnings. Conversely, a lower ratio may indicate potential financial distress or difficulty in meeting interest payments.
Without specific values for the interest coverage ratio, it is not possible to assess the company's ability to cover its interest expenses over the years analyzed. Understanding this ratio would provide insight into the company's financial health, debt management, and overall risk assessment. It is recommended to obtain this data or further investigate Manhattan Associates, Inc.'s financial statements to gain a deeper understanding of its financial performance.