Synopsys Inc (SNPS)

Debt-to-equity ratio

		Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020	Oct 31, 2019
Long-term debt	US$ in thousands	18,078	20,824	25,094	100,823	120,093
Total stockholders’ equity	US$ in thousands	6,147,310	5,515,720	5,295,140	4,907,400	4,083,010
Debt-to-equity ratio		0.00	0.00	0.00	0.02	0.03

October 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $18,078K ÷ $6,147,310K
= 0.00

Synopsys, Inc.'s debt-to-equity ratio has remained stable at 0.00 over the past two years, indicating that the company has not relied heavily on debt financing to fund its operations. This suggests a strong financial position and lower financial risk, as the company's debt is either minimal or fully covered by its equity. Additionally, the decreasing trend from 0.03 in 2020 to 0.00 in 2023 indicates that the company has been effectively managing its debt and equity to improve its financial leverage. This trend reflects positively on the company's financial health and its ability to generate shareholder value.