Synnex Corporation (SNX)
Debt-to-assets ratio
| Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 30,274,500 | 29,207,500 | 27,715,800 | 27,800,000 | 29,412,800 | 28,504,600 | 29,235,200 | 29,734,000 | 29,092,100 | 28,057,800 | 28,722,700 | 27,666,400 | 10,507,000 | 8,159,900 | 27,666,400 | 13,468,600 | 13,263,100 | 12,639,200 | 11,727,100 | 11,698,000 |
| 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 | 0.00 | 0.00 | 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
Synnex Corporation has consistently maintained a debt-to-assets ratio of 0.00 throughout the reported periods from November 30, 2019, to November 30, 2024. This ratio indicates that the company has not relied on debt to finance its assets during this time frame. A low or zero debt-to-assets ratio can signify financial stability and a low level of financial risk, as it suggests that the company's assets are primarily funded through equity or other sources of capital. This consistent ratio may indicate Synnex Corporation's conservative financial management approach and its ability to operate without a significant burden of debt.
Peer comparison
Nov 30, 2024