Synopsys Inc (SNPS)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
| Financial leverage ratio | 1.58 | 1.68 | 1.67 | 1.68 | 1.70 | 1.71 | 1.66 | 1.66 | 1.65 | 1.65 | 1.65 | 1.64 | 1.64 | 1.64 | 1.67 | 1.71 | 1.74 | 1.57 | 1.56 | 1.58 |
The solvency ratios of Synopsys, Inc. indicate a consistently low level of leverage and debt on the balance sheet. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have remained constant at 0.00 across all quarters, highlighting that the company has not relied heavily on debt to finance its assets or operations.
The financial leverage ratio, however, has shown some fluctuations over the quarters, ranging from 1.58 to 1.71. Despite these variations, the ratios are generally below 2, indicating that the company is not highly leveraged and has a strong equity base to support its operations.
Overall, based on the solvency ratios provided, Synopsys, Inc. appears to have a solid financial position with minimal debt levels, suggesting a lower risk of financial distress and a healthy balance sheet structure.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 670.98 | 1,116.06 | 874.32 | 750.70 | 737.13 | 661.58 | 461.67 | 398.37 | 306.89 | 240.58 | 262.96 | 255.25 | 168.66 | 125.33 | 107.27 | 71.64 | 58.18 | 47.78 | 32.21 | 24.45 |
I'm sorry, but without specific data on the interest expense and earnings before interest and taxes (EBIT) for Synopsys, Inc. for each quarter, it is not possible to calculate the interest coverage ratio. This ratio indicates the company's ability to meet its interest obligations from its operating earnings. To perform a comprehensive analysis of Synopsys, Inc.'s interest coverage, detailed financial information for the relevant periods is required.