Synnex Corporation (SNX)
Debt-to-assets ratio
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 30,274,500 | 29,412,800 | 29,734,000 | 27,666,400 | 13,468,600 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
November 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $30,274,500K
= 0.00
The debt-to-assets ratio of Synnex Corporation has been consistently reported as 0.00 from November 30, 2020, to November 30, 2024. This indicates that the company has not taken on any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 typically suggests that the company has a strong financial position with a low level of debt relative to its total assets. Synnex Corporation's stable and low debt-to-assets ratio may indicate a conservative approach to financing and a lower risk of financial distress. It suggests that the company relies more on equity financing rather than debt to support its operations and investments.
Peer comparison
Nov 30, 2024