Synopsys Inc (SNPS)

Debt-to-assets ratio

		Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Long-term debt	US$ in thousands	15,601	18,078	20,824	25,094	100,823
Total assets	US$ in thousands	13,073,600	10,333,100	9,418,090	8,752,260	8,030,060
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.01

October 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $15,601K ÷ $13,073,600K
= 0.00

Synopsys Inc has consistently maintained a low debt-to-assets ratio over the last five years. The debt-to-assets ratio was 0.00 in each of the last four years, indicating that the company financed its assets primarily through equity rather than debt during this period. In the most recent year, the ratio slightly increased to 0.01, still indicating a minimal level of debt relative to total assets. This signifies a low financial risk for the company, as it suggests that Synopsys has a strong financial position and does not rely heavily on debt to fund its operations. Overall, the stable and low debt-to-assets ratio reflects the company's conservative approach to capital structure and financial risk management.