Synnex Corporation (SNX)

Financial leverage 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
Total assets US$ in thousands 30,274,500 29,207,500 27,715,800 27,800,000 29,412,800 28,504,600 29,235,200 29,734,000 29,092,100 28,057,800 28,722,700 27,666,400 10,507,000 8,159,900 27,666,400 13,468,600 13,263,100 12,639,200 11,727,100 11,698,000
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
Financial leverage ratio 3.77 3.58 3.48 3.43 3.59 3.41 3.59 3.70 3.74 3.52 3.58 3.50 4.49 3.62 12.99 3.10 3.24 3.30 3.04 3.09

November 30, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $30,274,500K ÷ $8,035,430K
= 3.77

Synnex Corporation's financial leverage ratio has been relatively stable and within a range of 3.04 to 4.49 over the specified period from November 30, 2019, to November 30, 2024. The ratio increased notably from February 28, 2021, to 12.99 before gradually declining back to a more sustainable level. Overall, the company has maintained a moderate level of financial leverage, with fluctuations within a reasonable range, indicating a balance between debt and equity in its capital structure.