Synopsys Inc (SNPS)

Debt-to-assets ratio

		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	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Long-term debt	US$ in thousands	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	120,093	125,285	126,152
Total assets	US$ in thousands	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	6,405,160	6,153,410	6,194,220
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	0.01	0.01	0.02	0.02	0.02	0.02	0.02

January 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $16,951K ÷ $10,558,300K
= 0.00

Based on the data provided for the debt-to-assets ratio of Synopsys, Inc. over the past eight quarters, the ratio has consistently been reported as 0.00. A debt-to-assets ratio of 0.00 indicates that the company has no debt relative to its total assets during each of the periods. This implies that Synopsys has been operating with a debt-free capital structure, relying more on equity financing or other sources of funding rather than taking on debt to finance its operations and investments.

A debt-to-assets ratio of 0.00 suggests that the company has a strong financial position, as it is not burdened by significant debt obligations that could potentially impact its solvency, liquidity, or overall financial stability. This also indicates that Synopsys may have a lower risk profile compared to companies with higher debt levels, as it does not have interest payments or principal repayments that could strain its cash flow.

Overall, the consistent 0.00 debt-to-assets ratio for Synopsys, Inc. reflects a prudent financial management strategy that prioritizes a conservative approach to leverage and debt utilization, potentially contributing to the company's ability to weather economic downturns and capitalize on growth opportunities.