Manhattan Associates Inc (MANH)
Solvency ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 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 | 2.62 | 2.51 | 2.41 | 2.47 |
Manhattan Associates, Inc. has consistently maintained a strong solvency position with a debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio of 0.00 across all quarters in the provided data. This indicates that the company has not relied heavily on debt to finance its assets or operations.
However, the financial leverage ratio has shown some fluctuation over the quarters, ranging from 2.36 to 3.09. The increasing trend from Q1 2022 to Q3 2023 suggests that the company may be taking on more financial leverage to support its operations and growth. It is important to note that while a higher financial leverage ratio can amplify returns, it also increases the financial risk for the company.
Overall, Manhattan Associates, Inc. demonstrates a strong solvency position with minimal debt compared to its assets, capital, and equity. However, the increasing financial leverage ratio indicates a potential shift towards higher leverage, which may require careful monitoring to ensure sustainable financial health.
Coverage ratios
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 314.66 | 188.19 | 155.42 | 133.29 | 256.21 | 525.83 | 914.13 | 1,984.44 | 1,975.49 | 3,384.68 | 4,127.58 | 5,490.00 | 19,010.17 | 155.15 | 155.18 | 156.43 | 162.13 | 117.27 | 118.30 | 125.90 |
I'm sorry, but without the actual values for interest coverage provided in the table, it is not possible to conduct a detailed analysis of Manhattan Associates, Inc.'s interest coverage over the given quarters. To provide an accurate assessment, specific numerical data for interest coverage in each period is required. Please provide the necessary information for further analysis.