Concentrix Corporation (CNXC)
Financial leverage ratio
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 11,991,400 | 12,491,800 | 6,669,770 | 5,046,370 | 5,177,560 |
| Total stockholders’ equity | US$ in thousands | 4,039,720 | 4,143,290 | 2,695,900 | 2,620,260 | 2,302,080 |
| Financial leverage ratio | 2.97 | 3.01 | 2.47 | 1.93 | 2.25 |
November 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $11,991,400K ÷ $4,039,720K
= 2.97
Concentrix Corporation's financial leverage ratio has shown fluctuations over the past five years. The ratio was 2.25 as of November 30, 2020, indicating that the company had $2.25 in debt for every $1 of equity. It decreased to 1.93 by November 30, 2021, which suggests a lower level of financial risk. However, the ratio increased to 2.47 by November 30, 2022, indicating a slight increase in leverage.
By November 30, 2023, Concentrix Corporation's financial leverage ratio further increased to 3.01, signifying a significant rise in the company's debt relative to equity. This substantial increase may raise concerns about the company's financial stability and ability to meet its debt obligations. The ratio then slightly decreased to 2.97 by November 30, 2024.
Overall, Concentrix Corporation's financial leverage ratio has shown variability, with the company experiencing fluctuations in its debt levels relative to equity over the years. Investors and creditors may need to closely monitor the trend of this ratio to assess the company's financial risk and leverage position.
Peer comparison
Nov 30, 2024