N-Able Inc (NABL)

Debt-to-equity 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-equity ratio 0.47 0.49 0.50 0.51 0.52 0.56 0.55 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 been relatively stable over the past few quarters, hovering between 0.47 and 0.56. This indicates that the company has been utilizing a moderate amount of debt to finance its operations in relation to its equity. The decreasing trend from 0.56 in Q3 2022 to 0.47 in Q4 2023 suggests that the company may have been paying off debt or increasing equity during this period.

It is worth noting the significant drop to 0.00 in debt-to-equity ratio in Q4 2021, which may indicate a restructuring of the company's capital structure, a one-time event, or possibly a data entry error. Overall, a debt-to-equity ratio around 0.5 indicates a balanced mix of debt and equity financing, which can be a favorable position for maintaining financial stability and growth opportunities.