N-Able Inc (NABL)

Financial leverage ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total assets	US$ in thousands	1,162,790	1,078,860	1,055,700
Total stockholders’ equity	US$ in thousands	711,360	642,071	618,355
Financial leverage ratio		1.63	1.68	1.71

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,162,790K ÷ $711,360K
= 1.63

The financial leverage ratio of N-Able Inc has shown a decreasing trend over the past three years, indicating a reduction in the company's reliance on debt to finance its operations. The ratio decreased from 1.71 in 2021 to 1.68 in 2022, and further to 1.63 in 2023. This decline suggests that the company has either paid down debt or increased its equity base, resulting in a lower level of financial risk. Overall, the decreasing trend in the financial leverage ratio signifies improved financial stability and potentially lower interest rate risk for N-Able Inc.