Synnex Corporation (SNX)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	8,035,430	8,164,080	7,956,460	8,102,180	8,183,180	8,367,750	8,148,590	8,025,510	7,771,650	7,981,660	8,021,860	7,905,980	2,338,290	2,255,670	2,129,300	4,338,860	4,093,580	3,834,380	3,855,690	3,788,450
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $8,035,430K)
= 0.00

The debt-to-capital ratio of Synnex Corporation has consistently been at 0.00 over the past several years, based on the data provided. This indicates that the company has not been relying heavily on debt to finance its operations and investments in relation to its capital structure. A debt-to-capital ratio of 0.00 implies that the company's capital structure is primarily composed of equity rather than debt.

This low debt-to-capital ratio may suggest that Synnex Corporation has been managing its debt levels prudently, possibly reducing financial risk and improving its financial stability. A low debt-to-capital ratio can also indicate that the company has sufficient internal resources or access to alternative sources of funding to support its growth and operations without taking on significant debt.

Overall, the consistent 0.00 debt-to-capital ratio for Synnex Corporation implies a conservative approach to financing, which can be viewed positively by investors and stakeholders concerned with the company's financial health and risk management strategies.