N-Able Inc (NABL)

Debt-to-assets ratio

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022
Long-term debt US$ in thousands 331,509 331,980 332,450 333,007 333,488 333,959 334,429 334,902
Total assets US$ in thousands 1,162,790 1,122,660 1,113,040 1,092,580 1,078,860 1,031,460 1,038,770 1,050,160
Debt-to-assets ratio 0.29 0.30 0.30 0.30 0.31 0.32 0.32 0.32

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $331,509K ÷ $1,162,790K
= 0.29

The debt-to-assets ratio for N-Able Inc has been relatively stable over the past several quarters, ranging between 0.29 and 0.32. This indicates that the company has been able to maintain a healthy balance between its debt and assets during this period.

The slight increase in the ratio from 0.29 to 0.32 over the past year suggests a potential increase in the company's debt relative to its assets. It is important to monitor this trend to ensure that N-Able Inc is managing its debt levels effectively and not taking on excessive financial risk.

Furthermore, the significant drop in the debt-to-assets ratio from 0.32 to 0.00 in the most recent quarter (Dec 31, 2021) may indicate a change in the company's financial structure or reporting practices. This anomaly should be investigated further to confirm the accuracy of the data and understand the underlying reasons for the sudden drop in the ratio.

Overall, while the debt-to-assets ratio for N-Able Inc appears to be within a reasonable range, it is essential for the company to continue monitoring and managing its debt levels to maintain financial stability and sustainable growth in the long term.