N-Able Inc (NABL)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Mar 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.76 | 1.60 | 1.62 | 1.62 | 1.63 | 1.66 | 1.66 | 1.67 | 1.68 | 1.74 | 1.71 | 1.70 | 1.71 | 1.72 | 1.64 | 1.74 | 1.71 |
Based on the provided solvency ratios for N-Able Inc:
1. Debt-to-assets ratio: The debt-to-assets ratio for N-Able Inc is consistently at 0.00 throughout the entire period from December 31, 2020, to December 31, 2024. This implies that the company has no debt relative to its total assets during this period, indicating a strong financial position in terms of asset coverage by debt.
2. Debt-to-capital ratio: Similar to the debt-to-assets ratio, the debt-to-capital ratio also remains at 0.00 across all periods, indicating that the company has not used any debt to finance its capital structure. This suggests that N-Able Inc has not relied on external borrowing to fund its operations or investments.
3. Debt-to-equity ratio: The debt-to-equity ratio also stays steady at 0.00 throughout the entire period, signaling that the company has no financial leverage through debt in relation to its equity. This implies a conservative approach to capital structure with a minimal reliance on debt financing.
4. Financial leverage ratio: The financial leverage ratio of N-Able Inc fluctuates slightly over the period but generally remains relatively stable. The ratio ranges from 1.60 to 1.76, indicating that the company's reliance on debt to finance assets and operations is moderate, with fluctuations possibly reflecting changes in financing decisions or business activities.
Overall, the solvency ratios portray N-Able Inc as a financially solid company with minimal debt obligations and a conservative capital structure throughout the analyzed period. The consistent low debt levels and moderate financial leverage suggest a strong solvency position and a reduced risk of financial distress due to debt repayment obligations.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Mar 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 2.81 | 3.10 | 2.81 | 2.61 | 2.47 | 2.31 | 2.22 | 2.29 | 2.46 | 2.08 | 2.45 | 2.11 | 1.53 | 1.13 | 0.57 | 0.68 | 0.86 |
Based on the data provided, N-Able Inc's interest coverage ratio has shown a fluctuating trend over the past few years. The interest coverage ratio indicates the company's ability to meet its interest obligations with its earnings before interest and taxes (EBIT).
At the end of 2020, N-Able Inc's interest coverage ratio was 0.86, indicating that the company's EBIT was only able to cover 86% of its interest expenses. This low ratio suggests a higher risk of default.
However, the company's interest coverage ratio improved by the end of 2021 to 1.53, indicating that N-Able Inc's ability to cover its interest expenses with its earnings improved. The trend of improvement continued over the following quarters, reaching a ratio of 3.10 by the end of September 2024.
Overall, the increasing trend in the interest coverage ratio from 2020 to 2024 suggests that N-Able Inc's financial position has strengthened, as the company's earnings have become more sufficient to cover its interest expenses. This improvement indicates a reduced risk of default and better financial health for the company.