Manhattan Associates Inc (MANH)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 673,353 | 570,178 | 539,708 | 465,412 | 372,279 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $673,353K
= 0.00
The debt-to-assets ratio for Manhattan Associates, Inc. has consistently been 0.00 for the past five years, from 2019 to 2023. This implies that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 indicates that the company's assets are entirely financed by equity rather than debt. This could reflect a strong financial position or conservative financial management strategy where the company has chosen not to take on any debt obligations to fund its operations or expansion. It suggests lower financial risk as the company is not relying on borrowed funds to support its asset base. However, it is essential to consider other factors such as the cost of capital, growth opportunities, and future funding needs to assess the overall financial health and strategic direction of the company.
Peer comparison
Dec 31, 2023