The company maintains a conservative debt-to-equity ratio of 0.55, though the $1.0 billion in goodwill represents a substantial 71.4% of total assets, signaling potential integration and impairment risks.
| Total Current Assets | 207.98M | 216.44M | 183.92M | 224.79M | 154.16M | 120.99M | 135.72M | 71.37M | 104.78M |
| Cash & Short-Term Investments | 117.81M | 111.84M | 85.2M | 153.05M | 98.85M | 66.74M | 99.79M | 39.35M | 77.87M |
| Cash Only | 117.81M | 111.84M | 85.2M | 153.05M | 98.85M | 66.74M | 99.79M | 39.35M | 77.87M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 69.61M | 83.11M | 85.42M | 48.01M | 42.61M | 40.29M | 30.35M | 26.95M | 22.09M |
| Days Sales Outstanding | 53.15 | 59.31 | 66.88 | 41.54 | 41.84 | 42.45 | 36.57 | 37.33 | 35.32 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 20.56M | 21.49M | 13.31M | 23.73M | 12.7M | 0 | 0 | 0 | 678K |
| Total Non-Current Assets | 1.19B | 1.19B | 1.15B | 938M | 924.7M | 934.71M | 944.01M | 942.42M | 970.7M |
| Property, Plant & Equipment | 72.9M | 66.63M | 64.16M | 68.91M | 69.16M | 74.95M | 33.29M | 23.69M | 13.2M |
| Fixed Asset Turnover | 7.62x | 7.68x | 7.27x | 6.12x | 5.38x | 4.62x | 9.10x | 11.12x | 17.30x |
| Goodwill | 1.01B | 1.02B | 977.01M | 838.5M | 828.79M | 840.92M | 874.08M | 836.64M | 832.52M |
| Intangible Assets | 59.99M | 64.79M | 83.15M | 6.72M | 8.87M | 8.07M | 27.37M | 74.77M | 120.01M |
| Long-Term Investments | 3.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 34.53M | 37.75M | 28.57M | 22.79M | 17.08M | 9.09M | 6.29M | 3.59M | 4.97M |
| Total Assets | 1.4B | 1.41B | 1.34B | 1.16B | 1.08B | 1.06B | 1.08B | 1.01B | 1.08B |
| Asset Turnover | 0.38x | 0.36x | 0.35x | 0.36x | 0.34x | 0.33x | 0.28x | 0.26x | 0.21x |
| Asset Growth % | 40.77% | 5.31% | 15.14% | 7.78% | 2.19% | -2.23% | 6.51% | -5.74% | - |
| Total Current Liabilities | 167.4M | 181.81M | 150.1M | 81.72M | 61.81M | 60.88M | 54.83M | 32.79M | 54.46M |
| Accounts Payable | 13.73M | 9M | 6.29M | 5.24M | 3.54M | 5.87M | 5.54M | 1.97M | 6.38M |
| Days Payables Outstanding | 29.63 | 27.7 | 28.46 | 28.04 | 22.07 | 40.83 | 32.02 | 12.54 | 40.61 |
| Short-Term Debt | 10.36M | 11.2M | 3.5M | 3.5M | 3.5M | 3.5M | 0 | 0 | 0 |
| Deferred Revenue (Current) | 82.86M | 24.49M | 23.98M | 12.65M | 11.74M | 10.68M | 9.5M | 7.91M | 0 |
| Other Current Liabilities | 95.75M | 127.32M | 44.02M | 27.1M | 0 | 0 | 9.58M | 5.57M | 11.33M |
| Current Ratio | 1.24x | 1.19x | 1.23x | 2.75x | 2.49x | 1.99x | 2.48x | 2.18x | 1.92x |
| Quick Ratio | 1.24x | 1.19x | 1.23x | 2.75x | 2.49x | 1.99x | 2.48x | 2.18x | 1.92x |
| Cash Conversion Cycle | 23.52 | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 429.09M | 423.44M | 429.46M | 369.71M | 374.97M | 376.47M | 393.71M | 417.3M | 469.27M |
| Long-Term Debt | 389.1M | 419.16M | 329.61M | 331.51M | 333.49M | 335.38M | 372.65M | 394.4M | 450M |
| Capital Lease Obligations | 128.17M | 29.28M | 30.07M | 33.06M | 33.11M | 37.82M | 14.64M | 11.92M | 0 |
| Deferred Tax Liabilities | 10.78M | 1.85M | 3.45M | 1.82M | 2.78M | 2.63M | 5.85M | 10.63M | 0 |
| Other Non-Current Liabilities | 705K | -28.6M | 63.34M | 3.15M | 5.2M | 410K | 406K | 87K | 19.27M |
| Total Liabilities | 596.49M | 605.25M | 579.56M | 451.43M | 436.79M | 437.34M | 448.54M | 450.09M | 523.73M |
| Total Debt | 435.66M | 459.64M | 369.19M | 374.52M | 375.87M | 381.53M | 390.15M | 408.43M | 450M |
| Net Debt | 317.85M | 347.81M | 284M | 221.47M | 277.02M | 314.8M | 290.36M | 369.08M | 372.13M |
| Debt / Equity | 0.55x | 0.57x | 0.49x | 0.53x | 0.59x | 0.62x | 0.62x | 0.72x | 0.82x |
| Debt / EBITDA | 4.76x | 4.52x | 3.42x | 4.14x | 5.32x | 5.75x | 4.32x | 4.50x | 6.02x |
| Net Debt / EBITDA | 3.47x | 3.42x | 2.63x | 2.45x | 3.92x | 4.74x | 3.22x | 4.07x | 4.98x |
| Interest Coverage | 2.57x | 1.07x | 2.81x | 2.47x | 2.61x | 1.57x | 1.17x | 1.09x | 0.49x |
| Total Equity | 798.83M | 804.65M | 759.29M | 711.36M | 642.07M | 618.36M | 631.2M | 563.7M | 551.75M |
| Equity Growth % | 27.11% | 5.97% | 6.74% | 10.79% | 3.84% | -2.03% | 11.97% | 2.17% | - |
| Book Value per Share | 4.26 | 4.28 | 4.03 | 3.82 | 3.54 | 3.45 | 2.00 | 1.79 | 1.75 |
| Total Shareholders' Equity | 798.83M | 804.65M | 759.29M | 711.36M | 642.07M | 618.36M | 631.2M | 563.7M | 551.75M |
| Common Stock | 191K | 190K | 187K | 183K | 181K | 179K | 582.21M | 557.12M | 537.28M |
| Retained Earnings | 53.56M | 54.17M | 71.2M | 40.25M | 16.83M | 127K | 0 | 0 | 0 |
| Treasury Stock | -30M | -30M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 20.66M | 33.69M | -21.09M | 4.41M | -7.82M | 15.05M | 48.99M | 6.58M | 14.47M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Goodwill impairment and competition
According to recent quarterly filings, N-able has maintained a consistent total asset base of $1.4 billion since 2025Q1, suggesting that the company is prioritizing operational stability and debt management over aggressive balance sheet expansion as it navigates a competitive landscape for MSP software solutions.
The stability in total assets alongside a controlled debt profile indicates a management team focused on disciplined capital allocation rather than rapid, debt-fueled scaling. Investors should monitor whether this plateau in asset growth reflects a mature market position or a potential lack of reinvestment opportunities in the core RMM platform.
Based on reported financial statements, N-able maintains a modest debt-to-equity ratio of 0.55 as of 2026Q1, which appears to provide the company with a significant buffer against rising interest costs while supporting its ongoing transition toward a subscription-heavy, recurring revenue model.
The company's ability to keep leverage metrics within a narrow range suggests a strategic preference for financial flexibility over aggressive financial engineering. This conservative stance may prove advantageous if the company needs to pivot its capital allocation toward defensive R&D to counter cloud-native competitors.
As reported in recent SEC filings, N-able's current ratio of 1.24 in 2026Q1 reflects a contraction from the 3.01 levels observed in early 2024, indicating that while the company remains liquid, its immediate cash buffer relative to short-term obligations has tightened significantly over the past two years.
The reduction in the current ratio warrants monitoring, as it suggests that the company is utilizing more of its working capital to fund operations or debt service. While the current level remains adequate for a subscription-based business, any further decline could limit the company's ability to respond to unexpected market shocks.
Based on the latest balance sheet data, goodwill accounts for approximately $1.0 billion of N-able's $1.4 billion in total assets, suggesting that the company's valuation is heavily reliant on the successful integration and performance of past acquisitions rather than tangible physical infrastructure.
The high concentration of intangible assets implies that the company's book value is sensitive to potential impairment charges if the acquired MSP platforms fail to meet growth expectations. This reliance on goodwill underscores the importance of maintaining high net retention rates to justify the carrying value of these assets.
Analysis of the balance sheet reveals that the company's reliance on $1.0 billion in goodwill, as reported in 2026Q1, may mask underlying operational volatility, as this figure represents a substantial portion of total assets that could be subject to future write-downs if competitive pressures intensify.
Investors should be cautious of the fact that the company's equity base is largely supported by these intangible assets, which do not provide immediate liquidity. This structure suggests that the balance sheet's perceived strength is contingent upon the long-term durability of the acquired software platforms' market share.
Quick answers to the most common questions about buying NABL stock.
As of 2025, N-able, Inc. (NABL) had total assets of $1.41B including $216.4M in current assets.
N-able, Inc. (NABL) carries total debt of $459.6M, offset by $111.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
N-able, Inc. (NABL) has total shareholders' equity (book value) of $804.7M ($4.28 book value per share). Book value represents the net worth of the company belonging to common stock holders.
N-able, Inc. (NABL) reported a current ratio of 1.19x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.