Concentrix Corporation (CNXC)
Debt-to-assets ratio
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 11,895,100 | 11,991,400 | 12,207,600 | 12,078,800 | 12,242,900 | 12,491,800 | 8,449,540 | 6,560,000 | 6,623,070 | 6,669,770 | 6,749,870 | 6,612,650 | 6,716,790 | 5,046,370 | 5,009,440 | 5,102,240 | 5,120,850 | 5,177,560 | 5,119,390 | 4,955,480 |
| 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 | 0.00 | 0.00 | 0.00 |
February 28, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $11,895,100K
= 0.00
Concentrix Corporation's debt-to-assets ratio has shown fluctuations over the past few years, ranging from 0.16 to 0.47. The ratio indicates the proportion of the company's assets financed by debt, where a higher ratio implies higher leverage and financial risk.
The trend reveals that the debt-to-assets ratio increased from 0.16 in November 2021 to a peak of 0.47 in August 2023, indicating a significant increase in debt relative to assets during this period. Subsequently, the ratio declined to 0.40 by August 2024, suggesting a reduction in debt relative to assets.
Overall, the company's debt-to-assets ratio has remained relatively stable around the 0.40 mark in recent periods, indicating a moderate level of debt financing compared to the total assets. It is important for investors and stakeholders to monitor this ratio to assess the company's financial leverage and risk management.
Peer comparison
Feb 28, 2025