N-Able Inc (NABL)
Solvency ratios
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.29 | 0.30 | 0.30 | 0.30 | 0.31 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.00 |
| Debt-to-capital ratio | 0.32 | 0.33 | 0.33 | 0.34 | 0.34 | 0.36 | 0.36 | 0.35 | 0.35 | 0.35 | 0.00 |
| 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 |
| Financial leverage ratio | 1.63 | 1.66 | 1.66 | 1.67 | 1.68 | 1.74 | 1.71 | 1.70 | 1.71 | 1.72 | 1.64 |
The solvency ratios of N-Able Inc indicate its ability to meet its long-term financial obligations and its level of leverage. The debt-to-assets ratio has been relatively stable around 0.30 to 0.32, suggesting that the company maintains a moderate amount of debt compared to its total assets.
The debt-to-capital ratio and debt-to-equity ratio have also shown consistency, hovering between 0.32 to 0.35 and 0.47 to 0.54, respectively. These ratios indicate that N-Able Inc relies on a mix of debt and equity to finance its operations, with a slightly higher proportion of debt compared to equity.
The financial leverage ratio, which measures the company's overall debt level in relation to its equity, has ranged from 1.63 to 1.74. This indicates that N-Able Inc has been gradually increasing its leverage over time, which may signify a higher degree of financial risk.
Overall, the solvency ratios of N-Able Inc suggest a stable financial position with a manageable level of debt relative to its assets and capital. However, the increasing trend in the financial leverage ratio signals a need for careful monitoring of the company's debt levels to ensure sustainable long-term financial health.
Coverage ratios
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | |
|---|---|---|---|---|---|---|---|---|
| Interest coverage | 43.92 | 39.24 | 35.10 | 31.29 | 29.20 | 25.56 | 9.15 | 3.92 |
The interest coverage ratio of N-Able Inc has shown a positive trend over the past year, increasing from 3.92 in March 2022 to 43.92 in December 2023. This indicates that the company's ability to cover its interest payments with its operating income has significantly improved.
The substantial increase in the interest coverage ratio suggests that N-Able Inc has likely reduced its debt levels or increased its operating income, making it more financially stable and less risky in terms of meeting its interest obligations.
Overall, the improving trend in the interest coverage ratio of N-Able Inc reflects positively on its financial health and suggests that the company is in a better position to meet its debt obligations and ensure the sustainability of its operations.