Concentrix Corporation (CNXC)

Debt-to-equity 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-equity ratio		1.23	1.19	1.37	0.75	0.79	0.83	0.91	0.81	0.83	0.31	0.34	0.38	0.47

February 29, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $5,034,110K ÷ $4,101,640K
= 1.23

Concentrix Corporation's debt-to-equity ratio has exhibited fluctuating trends over the past year. The ratio has ranged from a low of 0.31 in November 2021 to a high of 1.37 in August 2023. This indicates varying levels of leverage and financial risk undertaken by the company during this period.

From November 2021 to May 2022, there was a gradual increase in the debt-to-equity ratio, reaching a peak of 0.91 in August 2022 before declining slightly. This increase suggests that Concentrix took on more debt relative to equity to finance its operations or growth initiatives.

However, from May 2022 onwards, there was a notable decrease in the debt-to-equity ratio, reaching as low as 0.75 in May 2023. This could indicate a reduction in debt levels or an increase in equity, potentially signaling a more conservative financial approach by the company.

Overall, the fluctuating debt-to-equity ratio of Concentrix Corporation highlights the importance of monitoring the company's capital structure and financial leverage to assess its ability to meet financial obligations and manage risk effectively.