Synnex Corporation (SNX)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
November 30, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $8,183,180K
= 0.00
The debt-to-equity ratio of TD Synnex Corp has exhibited a declining trend over the past five years, reaching 0.50 as of November 30, 2023, compared to 0.80 in November 30, 2019. This suggests an improvement in the company's leverage position, indicating a lower reliance on debt financing relative to equity. A decreasing trend in the debt-to-equity ratio generally signifies a strengthening financial position and lower financial risk. This is a positive indication for the company's financial health and may be viewed favorably by investors and creditors. Nonetheless, it is important to consider other financial metrics and industry benchmarks for a comprehensive assessment of TD Synnex Corp's overall financial performance.
Peer comparison
Nov 30, 2023