N-Able Inc (NABL)

Based on the provided data for N-Able Inc, the solvency ratios paint a picture of a company with very low levels of debt obligations relative to its assets and capital structure.

1. Debt-to-assets ratio: The debt-to-assets ratio is at 0.00 for all the years from 2020 to 2024. This indicates that the company has no debt in relation to its total assets and operates with a debt-free capital structure.

2. Debt-to-capital ratio: Similarly, the debt-to-capital ratio is also 0.00 for all the years under consideration. This implies that the company is not utilizing debt financing in its capital structure, keeping its capital derived solely from equity contributions.

3. Debt-to-equity ratio: The debt-to-equity ratio is also at 0.00 across all years, indicating that the company's capital is entirely funded by equity, with no reliance on debt financing.

4. Financial leverage ratio: The financial leverage ratio, which measures the extent of a company's debt financing in its capital structure, shows a slight fluctuation between 1.63 and 1.76. However, these values are relatively low, suggesting that the company's financial risk is minimal as it maintains a conservative capital structure.

Overall, the consistent low values of these solvency ratios demonstrate that N-Able Inc has a strong financial position with minimal debt obligations and a solid equity base, which bodes well for its long-term financial stability and ability to weather economic downturns or financial challenges.

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Coverage ratios

The interest coverage ratio for N-Able Inc has shown an improvement over the years, indicating the company's increasing ability to cover its interest expenses from its operating income.

At the end of 2020, the interest coverage ratio was 1.17, indicating that the company's operating income was just sufficient to cover its interest payments. However, by the end of 2024, the ratio had improved to 2.81, showing a significant increase in the company's ability to meet its interest obligations.

This upward trend in the interest coverage ratio is generally seen as positive as it suggests that the company is becoming more financially stable and better positioned to handle its debt obligations. It indicates that N-Able Inc has been generating more income relative to its interest expenses, which can be a sign of improved financial health and reduced financial risk.

Overall, the increasing interest coverage ratio reflects positively on N-Able Inc's financial performance and suggests a strengthening financial position over the years.