Manhattan Associates Inc (MANH)

Financial leverage ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Total assets	US$ in thousands	757,551	698,140	665,312	674,762	673,353	572,995	526,994	530,843	570,178	514,719	514,289	511,754	539,708	514,283	474,997	458,528	465,412	416,981	380,389	348,044
Total stockholders’ equity	US$ in thousands	299,126	277,951	240,629	239,607	278,278	210,105	170,550	181,072	226,800	198,134	208,735	217,136	250,644	238,627	212,450	204,660	218,897	187,977	152,778	125,869
Financial leverage ratio		2.53	2.51	2.76	2.82	2.42	2.73	3.09	2.93	2.51	2.60	2.46	2.36	2.15	2.16	2.24	2.24	2.13	2.22	2.49	2.77

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $757,551K ÷ $299,126K
= 2.53

Manhattan Associates Inc's financial leverage ratio has shown fluctuations over the past few years. The ratio has ranged from a low of 2.13 as of December 31, 2020, to a high of 3.09 as of June 30, 2023. Generally, a higher financial leverage ratio indicates a higher level of financial risk as the company relies more on debt financing.

The ratio peaked in the second quarter of 2023 before declining slightly in the subsequent quarters. However, it remained elevated compared to the earlier periods. The company's leverage ratio increased again in the first quarter of 2024 but then decreased in the second quarter.

Overall, Manhattan Associates Inc's financial leverage ratio has shown some volatility, reaching both highs and lows during the periods analyzed. It is important for investors and stakeholders to closely monitor the company's leverage ratio to assess its financial risk and stability.