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	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021
Long-term debt	US$ in thousands	331,509	331,980	332,450	333,007	333,488	333,959	334,429	334,902	335,379	335,846	—
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	1,055,700	1,062,560	1,038,790
Debt-to-assets ratio		0.29	0.30	0.30	0.30	0.31	0.32	0.32	0.32	0.32	0.32	0.00

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.