Synnex Corporation (SNX)
Financial leverage ratio
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 29,412,800 | 29,734,000 | 27,666,400 | 13,468,600 | 11,698,000 |
| Total stockholders’ equity | US$ in thousands | 8,183,180 | 8,025,510 | 7,905,980 | 4,338,860 | 3,788,450 |
| Financial leverage ratio | 3.59 | 3.70 | 3.50 | 3.10 | 3.09 |
November 30, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $29,412,800K ÷ $8,183,180K
= 3.59
The financial leverage ratio of TD Synnex Corp has shown a fluctuating trend over the past five years. The ratio stood at 3.09 in 2019 and gradually increased to 3.70 in 2022, before declining slightly to 3.59 in 2023. This indicates that the company's reliance on debt to finance its assets has varied over this period, with a peak in 2022. A higher financial leverage ratio suggests a greater degree of financial risk, as it reflects a higher proportion of debt financing relative to equity. It would be prudent for stakeholders to closely monitor this ratio to assess the company's ability to manage its debt levels effectively.
Peer comparison
Nov 30, 2023