Concentrix Corporation (CNXC)
Debt-to-capital ratio
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 4,039,720 | 4,143,290 | 2,695,900 | 2,620,260 | 2,302,080 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
November 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $4,039,720K)
= 0.00
The debt-to-capital ratio of Concentrix Corporation has remained consistently at 0.00 from November 30, 2020, to November 30, 2024. This indicates that the company has not utilized any debt in its capital structure during this period, relying entirely on equity financing. A debt-to-capital ratio of 0.00 signifies a low financial risk and a conservative approach to capital structure, as the absence of debt means lower interest expenses and lower financial leverage. Concentrix Corporation's stable debt-to-capital ratio suggests a strong financial position and a conservative debt management strategy, which may be favorable in terms of financial stability and risk mitigation.
Peer comparison
Nov 30, 2024