Synopsys Inc (SNPS)

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

Based on the historical data provided for Synopsys, Inc., the debt-to-equity ratio has consistently been at 0.00 for the past eight quarters. A debt-to-equity ratio of 0.00 indicates that the company has been using zero debt to finance its operations compared to its equity. This suggests that Synopsys has a conservative capital structure with a strong focus on equity financing rather than taking on debt to fund its operations and investments. By maintaining a debt-free balance sheet, the company likely enjoys lower financial risk and greater financial flexibility, as it does not have significant debt obligations to service. However, it's important to note that a debt-to-equity ratio of 0.00 may also indicate that the company is not utilizing leverage, which could potentially limit its growth opportunities compared to companies that use debt financing strategically.