N-Able Inc (NABL)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,338,850 | 1,162,790 | 1,078,860 | 1,055,700 | 1,079,740 |
| Total stockholders’ equity | US$ in thousands | 759,288 | 711,360 | 642,071 | 618,355 | 631,197 |
| Financial leverage ratio | 1.76 | 1.63 | 1.68 | 1.71 | 1.71 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,338,850K ÷ $759,288K
= 1.76
The financial leverage ratio of N-Able Inc has remained relatively stable over the past five years, indicating a consistent level of leverage in the company's capital structure. The ratio was 1.71 at the end of 2020 and 2021, showing that the company had $1.71 in debt for every $1 of equity.
However, there was a slight decrease in the financial leverage ratio in 2022 and 2023, dropping to 1.68 and 1.63 respectively. This indicates a possible reduction in the company's reliance on debt financing during those years.
The ratio then increased to 1.76 at the end of 2024, suggesting a potential return to higher levels of debt relative to equity in the company's capital structure.
Overall, N-Able Inc's financial leverage ratio shows a mix of stability and slight fluctuations, indicating variations in the company's capital structure and debt management approach over the years. Further analysis would be required to assess the impact of these changes on the company's financial health and risk profile.
Peer comparison
Dec 31, 2024