Manhattan Associates Inc (MANH)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $278,278K
= 0.00
The debt-to-equity ratio of Manhattan Associates, Inc. for the past five years (from 2019 to 2023) has consistently been 0.00. This indicates that the company has not used any debt to finance its operations and growth, relying solely on equity to fund its activities. A debt-to-equity ratio of 0.00 typically signifies a conservative financial strategy, showing that Manhattan Associates has minimal financial leverage and a strong equity position. This may suggest that the company has been managing its financial resources prudently and has a lower risk of financial distress due to an absence of debt obligations. Investors and creditors may view this as a positive sign of financial stability and strength, as the company's capital structure appears to be skewed heavily towards equity financing.
Peer comparison
Dec 31, 2023