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

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.