Synnex Corporation (SNX)
Debt-to-equity 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-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 |
February 29, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $8,102,180K
= 0.00
The debt-to-equity ratio for Synnex Corporation has consistently been reported as 0.00 across multiple time periods. This indicates that the company has not utilized debt as a source of financing in relation to its equity. A debt-to-equity ratio of 0.00 typically suggests that the company has no debt obligations or has a minimal level of debt compared to its equity. While a low or zero debt-to-equity ratio can be favorable in terms of financial risk and solvency, it may also imply missed opportunities for leveraging financial leverage to potentially enhance returns for shareholders. Synnex Corporation's consistently low debt-to-equity ratio reflects a conservative approach to capital structure and a potential emphasis on financial stability.
Peer comparison
Feb 29, 2024