Concentrix Corporation (CNXC)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
November 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $4,039,720K
= 0.00
Concentrix Corporation has consistently maintained a debt-to-equity ratio of 0.00 over the five-year period from November 30, 2020, to November 30, 2024. This indicates that the company has not utilized any debt to finance its operations and instead relies solely on equity for its capital structure. A debt-to-equity ratio of 0.00 signifies a conservative financial approach, as there is no financial leverage present in the company's capital structure. It suggests a low level of financial risk, as the company is not exposed to the potential risks and obligations associated with debt financing. This stable and low debt-to-equity ratio may indicate a strong financial position and financial health for Concentrix Corporation.
Peer comparison
Nov 30, 2024