N-Able Inc (NABL)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | 331,509 | 333,488 | 335,379 |
| Total assets | US$ in thousands | 1,162,790 | 1,078,860 | 1,055,700 |
| Debt-to-assets ratio | 0.29 | 0.31 | 0.32 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $331,509K ÷ $1,162,790K
= 0.29
The trend of N-Able Inc's debt-to-assets ratio over the past three years shows a decreasing pattern, indicating a lower proportion of debt relative to total assets. This indicates that the company has been relying less on debt financing in comparison to its total assets. A debt-to-assets ratio of 0.29 at the end of 2023 reflects that for every dollar of assets, the company has $0.29 of debt. This suggests a healthier financial position with a lower risk of insolvency. Overall, the decreasing trend in the debt-to-assets ratio demonstrates N-Able Inc's improving ability to finance its operations and investments through equity and retained earnings rather than debt.
Peer comparison
Dec 31, 2023