Concentrix Corporation (CNXC)
Debt-to-capital ratio
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long-term debt | US$ in thousands | 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 | 865,837 | 959,158 | 1,113,220 |
Total stockholders’ equity | US$ in thousands | 4,101,640 | 4,143,290 | 2,903,520 | 2,854,260 | 2,800,500 | 2,695,900 | 2,646,630 | 2,723,940 | 2,732,000 | 2,620,260 | 2,565,760 | 2,529,770 | 2,389,280 |
Debt-to-capital ratio | 0.55 | 0.54 | 0.58 | 0.43 | 0.44 | 0.45 | 0.48 | 0.45 | 0.45 | 0.23 | 0.25 | 0.27 | 0.32 |
February 29, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $5,034,110K ÷ ($5,034,110K + $4,101,640K)
= 0.55
The debt-to-capital ratio of Concentrix Corporation has fluctuated over the past 12 months, ranging from 0.23 to 0.58. A higher ratio indicates a greater reliance on debt financing, while a lower ratio suggests a stronger financial position with more capital funding the company's operations.
The ratio has shown a general upward trend in recent periods, reaching a peak of 0.58 in August 2023 before declining slightly in the most recent period to 0.55. This increase may indicate an expansion strategy or the company taking on more debt to finance growth opportunities.
It is worth noting that the ratio has stayed relatively within a moderate range overall, signaling a balanced approach to capital structure management by Concentrix Corporation. Monitoring future trends in the debt-to-capital ratio will be important to assess the company's financial health and leverage levels.
Peer comparison
Feb 29, 2024