Synnex Corporation (SNX)
Debt-to-capital ratio
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 8,183,180 | 8,025,510 | 7,905,980 | 4,338,860 | 3,788,450 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
November 30, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $8,183,180K)
= 0.00
The debt-to-capital ratio of TD Synnex Corp has shown a declining trend over the past five years, indicating an improvement in the company's capital structure and debt management. As of November 30, 2023, the ratio stands at 0.33, compared to 0.34 and 0.34 in 2022 and 2021, respectively. This decrease suggests a reduction in the proportion of the company's capital that is financed by debt.
The declining trend in the debt-to-capital ratio reflects a potentially lower financial risk for the company, as it indicates a decreasing reliance on debt financing in relation to its total capital. This trend may signal improved financial stability and a stronger ability to meet long-term obligations.
The consistent decline in the debt-to-capital ratio from 2020 to 2023 demonstrates a positive trend in the company's capital structure and financial leverage, potentially enhancing its creditworthiness and overall financial health. However, it is important to continue monitoring this ratio to ensure that the company maintains an optimal balance between debt and equity financing.
Peer comparison
Nov 30, 2023