Synnex Corporation (SNX)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
November 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $8,035,430K
= 0.00
Synnex Corporation's debt-to-equity ratio has remained consistently at 0.00 from November 30, 2020, to November 30, 2024. This indicates that the company has not utilized debt as a source of financing and has primarily relied on equity to fund its operations and investments. A debt-to-equity ratio of 0.00 suggests that the company's financial structure is conservative, with no debt obligations compared to its equity base. This could signify a lower financial risk and greater financial stability for Synnex Corporation, as it is not burdened by significant debt levels.
Peer comparison
Nov 30, 2024