Synnex Corporation (SNX)
Debt-to-assets ratio
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 29,412,800 | 29,734,000 | 27,666,400 | 13,468,600 | 11,698,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
November 30, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $29,412,800K
= 0.00
The debt-to-assets ratio of TD Synnex Corp has shown a consistent decline over the past five years, indicating a favorable trend in the company's leverage position. As of November 30, 2023, the ratio stands at 0.14, reflecting that 14% of the company's assets are financed through debt. This ratio has remained stable compared to the previous year, demonstrating the company's ability to efficiently manage its debt levels in relation to its total assets. The decreasing trend in the ratio signifies a potentially lower financial risk and a stronger financial position for TD Synnex Corp as it continues to allocate a smaller portion of its assets to debt financing. This trend may positively influence the company's creditworthiness and investor confidence.
Peer comparison
Nov 30, 2023