N-Able Inc (NABL)

Debt-to-equity ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-term debt	US$ in thousands	331,509	333,488	335,379
Total stockholders’ equity	US$ in thousands	711,360	642,071	618,355
Debt-to-equity ratio		0.47	0.52	0.54

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $331,509K ÷ $711,360K
= 0.47

The debt-to-equity ratio of N-Able Inc has shown a declining trend over the past three years, decreasing from 0.54 in 2021 to 0.52 in 2022, and further to 0.47 in 2023. This indicates that the company has been gradually reducing its reliance on debt to finance its operations and investments relative to shareholders' equity. A lower debt-to-equity ratio suggests a lower financial risk for the company as it indicates a stronger equity base to support its operations. Overall, the decreasing trend in the debt-to-equity ratio for N-Able Inc reflects a positive trend towards a healthier financial structure.