Concentrix Corporation (CNXC)

Debt-to-equity ratio

		Feb 28, 2025	Nov 30, 2024	Aug 31, 2024	May 31, 2024	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	Nov 30, 2020	Aug 31, 2020	May 31, 2020
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	4,033,770	4,039,720	4,168,770	4,083,420	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	2,302,080	1,627,970	1,492,540
Debt-to-equity ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

February 28, 2025 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $4,033,770K
= 0.00

Concentrix Corporation's debt-to-equity ratio has shown fluctuations over the past few years. The trend indicates a general increase over time, moving from 0.31 as of November 30, 2021, to 1.22 as of February 28, 2025. This suggests that the company has been progressively relying more on debt to finance its operations compared to equity.

The ratio surpassed 1 multiple times from August 31, 2023, onwards, indicating that the company's debt level has exceeded its equity in these periods. A debt-to-equity ratio above 1 may imply that the company is primarily funded by debt, which could potentially lead to financial risks if not managed effectively.

Overall, the increasing trend in Concentrix Corporation's debt-to-equity ratio signals a higher reliance on debt financing over time, which could impact the company's financial stability and risk profile. Further analysis and monitoring of the company's debt management strategies would be prudent to assess the potential implications on its financial health.