Synopsys Inc (SNPS)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	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	4,083,010	3,933,810	3,909,570
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	0.01	0.01	0.02	0.02	0.03	0.03	0.03	0.03	0.03

January 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $16,951K ÷ ($16,951K + $6,670,980K)
= 0.00

The debt-to-capital ratio of Synopsys, Inc. has consistently remained at 0.00 for the past eight quarters, indicating that the company has been financing its operations primarily through equity rather than debt. A debt-to-capital ratio of 0.00 implies that Synopsys has not utilized debt as a source of funding relative to its total capital structure during this period. This could suggest a conservative approach to managing leverage and financial risk. It is essential to continue monitoring this ratio in future periods to assess any potential changes in the company's capital structure and financing strategies.