Synnex Corporation (SNX)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $8,035,430K
= 0.00
The debt-to-equity ratio of Synnex Corporation has remained consistently at 0.00 over a series of financial reporting periods, from November 30, 2019, to November 30, 2024. This indicates that the company has not relied on debt financing to fund its operations and has maintained a strong equity position relative to its debt levels. A debt-to-equity ratio of 0.00 suggests that the company has no debt or a negligible amount of debt in relation to its equity. This can be seen as a positive sign of financial stability and a conservative approach to capital structure by Synnex Corporation.
Peer comparison
Nov 30, 2024