Synnex Corporation (SNX)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 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 | 3,601,810 | 3,537,050 | 3,510,440 |
| 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 |
February 29, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $8,102,180K)
= 0.00
The debt-to-capital ratio of Synnex Corporation has consistently been reported as 0.00 in the financial statements for the periods listed. This implies that the company has not reported any debt in relation to its capital structure during these periods. A debt-to-capital ratio of 0 indicates that the company is financing its operations without relying on debt financing but rather utilizing equity capital. It suggests a conservative financial approach, as the absence of debt can reduce financial risk and interest expenses for the company. However, it is essential to consider the context and industry norms when evaluating the significance of a consistently low or zero debt-to-capital ratio.
Peer comparison
Feb 29, 2024