Synnex Corporation (SNX)
Debt-to-assets ratio
| 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 | Aug 31, 2019 | May 31, 2019 | Feb 28, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 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 | 11,426,300 | 11,276,000 | 10,761,300 |
| 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 |
February 29, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $27,800,000K
= 0.00
The debt-to-assets ratio for Synnex Corporation has consistently been reported as 0.00 across multiple periods, indicating that the company has not used debt financing to acquire assets during the specified time frame. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely financed by equity, signaling a low level of financial risk associated with debt obligations. It may imply that Synnex Corporation has a conservative capital structure and prefers to use internal funds or equity financing to support its operations and investments. Investors and stakeholders may view a consistently low debt-to-assets ratio positively, as it reflects strong financial health and stability.
Peer comparison
Feb 29, 2024