Concentrix Corporation (CNXC)

Debt-to-assets ratio

		Feb 28, 2025	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
Long-term debt	US$ in thousands	4,901,430	4,908,870	4,923,880	5,034,110	4,939,710	3,973,470	2,130,960	2,220,210	2,224,290	2,401,100	2,197,880	2,266,650	802,017
Total assets	US$ in thousands	11,895,100	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
Debt-to-assets ratio		0.41	0.40	0.41	0.41	0.40	0.47	0.32	0.34	0.33	0.36	0.33	0.34	0.16

February 28, 2025 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $4,901,430K ÷ $11,895,100K
= 0.41

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.