ManpowerGroup (ManpowerGroup) Interest Coverage

: 0.78 (As of Dec. 2023)

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Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. ManpowerGroup's Operating Income for the three months ended in Dec. 2023 was $16 Mil. ManpowerGroup's Interest Expense for the three months ended in Dec. 2023 was $-20 Mil. ManpowerGroup's interest coverage for the quarter that ended in Dec. 2023 was 0.78. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for ManpowerGroup's Interest Coverage or its related term are showing as below:

MAN' s Interest Coverage Range Over the Past 10 Years
Min: 3.9 Med: 15.53 Max: 20.05
Current: 3.9

MAN's Interest Coverage is ranked worse than
74.14% of 789 companies
in the Business Services industry
Industry Median: 13.4 vs MAN: 3.90

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

ManpowerGroup Interest Coverage Historical Data

The historical data trend for ManpowerGroup's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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ManpowerGroup Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

15.97

5.88

15.09

13.47

3.90

ManpowerGroup Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage																9.92	6.30	5.38	3.32	0.78

Competitive Comparison

For the Staffing & Employment Services subindustry, ManpowerGroup's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ManpowerGroup Interest Coverage Distribution

For the Business Services industry and Industrials sector, ManpowerGroup's Interest Coverage distribution charts can be found below:

* The bar in red indicates where ManpowerGroup's Interest Coverage falls into.

ManpowerGroup Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

ManpowerGroup's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, ManpowerGroup's Interest Expense was $-80 Mil. Its Operating Income was $311 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,314 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	310.9	/	-79.7
	=	3.90

ManpowerGroup's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, ManpowerGroup's Interest Expense was $-20 Mil. Its Operating Income was $16 Mil. And its Long-Term Debt & Capital Lease Obligation was $1,314 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	15.6	/	-20
	=	0.78

The higher the ratio, the stronger the company's Financial Strength is.

ManpowerGroup (NYSE:MAN) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

ManpowerGroup Interest Coverage Related Terms

Thank you for viewing the detailed overview of ManpowerGroup's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

ManpowerGroup (ManpowerGroup) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ManpowerGroup Inc (NYSE:MAN) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Manpower Place, Milwaukee, WI, USA, 53212

Website

https://www.manpowergroup.com

Manpower is one of the three largest multinational firms in the fragmented and over $600 billion global staffing industry. The firm generates most of its sales outside the U.S. and boasts a vast global footprint. Its client base consists of mainly large and multinational companies, but the firm also services small and midsize businesses through its local branch network. It offers each main staffing service (temporary, permanent, and project based) across a variety of professions under its four subsidiary brands: Experis specializes in IT placements; Talent Solutions provides recruitment process outsourcing, or RPO, and outplacement services; Jefferson Wells serves finance, tax, and compliance needs; Manpower focuses on manufacturing, administrative, and assembly positions.

Executives

Donald O Mondano	officer: SVP, Global Controller	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Ulice Jr Payne	director	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Muriel Francoise Penicaud	director	22 PASSAGE COURTOIS, PARIS I0 75011
John T Mcginnis	officer: EVP, CFO	C/O MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Richard Buchband	officer: SVP, General Counsel	100 MANPOWER PLACE, MILWAUKEE WI 53212
Cari M Dominguez	director	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Jean Philippe Courtois	director	MICROSOFT CORPORATION, ONE MICROSOFT WAY, REDMOND WA 98052-6399
William P Gipson	director	1201 S 2ND STREET, MILWAUKEE WI 53204
Michelle Nettles	officer: Chief People & Culture	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Mara E Swan	officer: EVP	C/O ADOLPH COORS CO, 311 10TH ST. MH311, GOLDEN CO 80401-0030
Gina Boswell	director	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Jonas Prising	director, officer: CEO	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Van Handel Michael J	officer: EVP, CFO	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212
Sriram Chandrashekar	officer: EVP	10 HOE CHIANG ROAD #21, 04/05 KEPPEL TOWERS, SINGAPORE U0 089315
William Downe	director	MANPOWERGROUP INC., 100 MANPOWER PLACE, MILWAUKEE WI 53212