Synopsys Inc (SNPS)

Debt-to-assets ratio

		Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020
Long-term debt	US$ in thousands	15,601	15,599	16,960	16,951	18,078	18,165	20,201	20,569	20,824	21,960	23,775	24,370	25,094	24,754	25,620	25,658	100,823	107,104	114,370	122,516
Total assets	US$ in thousands	13,073,600	11,648,700	11,011,800	10,558,300	10,333,100	9,923,230	9,790,730	9,565,620	9,418,090	9,329,550	9,210,380	8,901,350	8,752,260	8,485,910	8,339,560	8,012,840	8,030,060	7,663,250	7,322,470	7,202,900
Debt-to-assets 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	0.01	0.01	0.02	0.02

October 31, 2024 calculation

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

The debt-to-assets ratio of Synopsys Inc has been consistently low over the past several quarters, with values ranging from 0.00% to 0.02%. This indicates that the company has been successful in managing its debt relative to its assets. A low debt-to-assets ratio suggests that Synopsys Inc relies less on debt financing and has a strong financial position with a higher proportion of assets funded by equity. This can be viewed positively by investors and creditors as it signifies lower financial risk and greater stability for the company. Overall, the trend of a low and stable debt-to-assets ratio for Synopsys Inc reflects prudent financial management and a solid balance sheet position.