N-Able Inc (NABL)

Debt-to-capital 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 stockholders’ equity US$ in thousands 711,360 674,680 668,907 656,195 642,071 594,132 605,994 618,556
Debt-to-capital ratio 0.32 0.33 0.33 0.34 0.34 0.36 0.36 0.35

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $331,509K ÷ ($331,509K + $711,360K)
= 0.32

The debt-to-capital ratio of N-Able Inc has been relatively stable over the past few quarters, ranging between 0.32 and 0.36. This ratio indicates the proportion of the company's capital that is financed through debt. A lower ratio suggests a lower dependence on debt for funding, while a higher ratio may indicate higher financial risk.

N-Able Inc's debt-to-capital ratio of 0.32 as of December 31, 2023, implies that approximately 32% of its capital structure is comprised of debt, while the remaining 68% is attributable to equity. This suggests a moderate level of debt usage compared to equity in the company's financing structure.

Overall, the trend in N-Able Inc's debt-to-capital ratio indicates a relatively conservative approach to capital structure management, with a consistent level of debt utilization over the quarters analyzed. Monitoring this ratio over time can provide insights into the company's financial leverage and risk management strategies.