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	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 stockholders’ equity	US$ in thousands	711,360	674,680	668,907	656,195	642,071	594,132	605,994	618,556	618,355	617,907	633,275
Debt-to-equity ratio		0.47	0.49	0.50	0.51	0.52	0.56	0.55	0.54	0.54	0.54	0.00

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.