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.
Peer comparison
Dec 31, 2023