Synnex Corporation (SNX)
Debt-to-capital ratio
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 8,035,430 | 8,183,180 | 8,025,510 | 7,905,980 | 4,338,860 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
November 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $8,035,430K)
= 0.00
Synnex Corporation has consistently maintained a debt-to-capital ratio of 0.00 over the past five years, from November 30, 2020, to November 30, 2024. This indicates that the company has not utilized debt as a significant source of capital in its capital structure. A debt-to-capital ratio of 0.00 suggests that Synnex Corporation relies more on equity financing rather than debt financing for its operations and investments. This low level of debt relative to capital may indicate a lower financial risk and a strong financial position, as the company is not heavily leveraged. Overall, Synnex Corporation's stable debt-to-capital ratio reflects a conservative approach to managing its financial obligations and maintaining a healthy balance sheet.
Peer comparison
Nov 30, 2024