Manhattan Associates Inc (MANH)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 278,278 | 226,800 | 250,644 | 218,897 | 142,278 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $278,278K)
= 0.00
The debt-to-capital ratio of Manhattan Associates, Inc. has consistently been 0.00 over the past five years, including at the end of 2023. This indicates that the company has not utilized any debt to finance its operations relative to its overall capital structure during this period.
A debt-to-capital ratio of 0.00 suggests that Manhattan Associates, Inc. relies solely on equity financing rather than debt to fund its activities. This can be viewed positively by investors and creditors as it signifies a lower level of financial risk associated with the company's capital structure.
From a financial stability perspective, a consistently low debt-to-capital ratio indicates that Manhattan Associates, Inc. has been effectively managing its debt obligations and maintaining a strong financial position. It also implies that the company has a solid equity base to support its business operations and growth initiatives.
Overall, the trend of a 0.00 debt-to-capital ratio for Manhattan Associates, Inc. reflects a prudent approach to capital structure management and suggests a stable and healthy financial position.
Peer comparison
Dec 31, 2023