Manhattan Associates Inc (MANH)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 757,551 | 673,353 | 570,178 | 539,708 | 465,412 |
| Total stockholders’ equity | US$ in thousands | 299,126 | 278,278 | 226,800 | 250,644 | 218,897 |
| Financial leverage ratio | 2.53 | 2.42 | 2.51 | 2.15 | 2.13 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $757,551K ÷ $299,126K
= 2.53
The financial leverage ratio of Manhattan Associates Inc has shown a general increasing trend over the years, starting at 2.13 in December 2020 and reaching its peak at 2.53 by December 2024. This indicates that the company's reliance on debt to finance its operations has been steadily rising. A higher financial leverage ratio suggests a greater proportion of debt in the company's capital structure compared to equity, which could potentially lead to higher financial risk. It is important for stakeholders to monitor this ratio closely to assess the company's ability to meet its debt obligations and manage its financial health effectively.
Peer comparison
Dec 31, 2024