Synopsys Inc (SNPS)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	8,990,700	7,709,400	7,153,160	6,670,980	6,147,310	5,958,560	5,831,860	5,636,750	5,515,720	5,604,030	5,564,310	5,386,770	5,295,140	5,151,020	5,088,140	4,882,250	4,907,400	4,595,920	4,275,090	4,148,830
Debt-to-capital 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	0.01	0.01	0.02	0.02	0.03	0.03

October 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $15,601K ÷ ($15,601K + $8,990,700K)
= 0.00

The debt-to-capital ratio of Synopsys Inc has been consistently low, with values ranging from 0.00 to 0.03 over the past several quarters. This indicates that the company has been employing a conservative capital structure, relying more on equity financing rather than debt to fund its operations and investments. A lower debt-to-capital ratio suggests lower financial risk and greater financial stability for the company, as it has a smaller proportion of debt compared to its total capital. Overall, Synopsys Inc's trend of maintaining a low debt-to-capital ratio reflects a prudent approach to managing its financial obligations and maintaining a strong balance sheet.