Synnex Corporation (SNX)

Synnex Corporation has consistently maintained a strong solvency position based on the solvency ratios analyzed.

The Debt-to-assets ratio has been consistently reported at 0.00 from November 30, 2020, to November 30, 2024. This indicates that the company has no debt in relation to its total assets, which suggests a low financial risk and strong financial stability.

Similarly, the Debt-to-capital and Debt-to-equity ratios have also shown a consistent trend of 0.00 over the same period. These ratios confirm that Synnex Corporation has not relied on debt financing extensively to fund its operations and investments, highlighting a conservative financial strategy.

The Financial leverage ratio, which measures the ratio of total assets to equity, has shown a slight increase from 3.10 in November 30, 2020, to 3.77 in November 30, 2024. While this indicates a slight increase in leveraging over the years, the ratio remains at a reasonable level, suggesting that the company has a healthy balance between debt and equity in its capital structure.

Overall, based on the solvency ratios analyzed, Synnex Corporation appears to have a robust financial position with minimal debt levels and a reasonable leverage ratio, reflecting prudent financial management and strong solvency.

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Coverage ratios

Analyzing the interest coverage of Synnex Corporation over the past five years, we observe a relatively stable trend with slight fluctuations. The interest coverage ratio, which indicates the company's ability to meet interest payments on its debt obligations, was 3.92 in November 2020 and improved to 4.72 in November 2022. However, there was a slight decline in the ratio to 3.74 in both November 2023 and November 2024.

Overall, Synnex Corporation has maintained a moderate to satisfactory level of interest coverage over the period under review. It is essential for investors and creditors to monitor this ratio to assess the company's financial health and its capacity to service its debt obligations effectively. Furthermore, the consistency of the interest coverage ratio suggests that the company has managed its interest payments competently during the period, although attention should be paid to any further fluctuations in the ratio in the future.