Synnex Corporation (SNX)
Financial leverage ratio
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 30,274,500 | 29,412,800 | 29,734,000 | 27,666,400 | 13,468,600 |
| Total stockholders’ equity | US$ in thousands | 8,035,430 | 8,183,180 | 8,025,510 | 7,905,980 | 4,338,860 |
| Financial leverage ratio | 3.77 | 3.59 | 3.70 | 3.50 | 3.10 |
November 30, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $30,274,500K ÷ $8,035,430K
= 3.77
The financial leverage ratio of Synnex Corporation has shown a gradual increase over the past five years, from 3.10 in November 30, 2020, to 3.77 in November 30, 2024. This indicates that the company is relying more on debt to finance its operations and investments. While a higher leverage ratio can amplify returns for shareholders in good times, it also exposes the company to greater financial risk, especially in times of economic downturn or interest rate increases. It is important for investors and stakeholders to closely monitor Synnex Corporation's debt levels and management's ability to service and repay its debts.
Peer comparison
Nov 30, 2024