Synnex Corporation (SNX)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| Debt-to-capital 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 |
| 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 |
| 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 |
Synnex Corporation's solvency ratios indicate a strong financial position with consistently low debt levels in relation to its assets, capital, and equity over the years. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have all been at 0.00%, suggesting that the company has no significant financial leverage through debt.
The financial leverage ratio, which measures the extent of a company's financial leverage, shows some fluctuations, but overall, it has remained relatively stable and well below industry averages. The ratio was 3.09 in November 2019 but spiked to 12.99 in February 2021 before stabilizing around 3.50 to 3.70 in the subsequent periods. This indicates that the company may have briefly increased its financial leverage in February 2021 but quickly managed to bring it back to a more sustainable level.
Overall, Synnex Corporation's solvency ratios reflect a conservative approach to managing its capital structure, minimizing financial risks associated with high levels of debt. This prudent financial management strategy contributes to the company's stability and ability to weather economic downturns effectively.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 3.74 | 3.86 | 3.82 | 3.89 | 3.94 | 3.98 | 4.33 | 4.72 | 3.95 | 3.97 | 3.92 | 3.86 | 6.18 | 5.83 | 4.71 | 3.92 | 2.02 | 2.33 | 2.74 | 3.01 |
Synnex Corporation's interest coverage ratio, which measures the company's ability to meet interest payments on its outstanding debt, has shown moderate fluctuations over the past five years.
Starting at 3.01 in November 2019, the interest coverage ratio decreased to 2.02 by August 2020, indicating a slightly weaker ability to cover interest expenses. However, since then, the company's interest coverage has shown a generally improving trend, reaching a peak of 6.18 in August 2021. This suggests a significant improvement in Synnex Corporation's ability to cover its interest obligations.
Although the interest coverage ratio dipped slightly in the following periods, hovering around the 3.5 to 4.5 range, it has generally remained at healthy levels, indicating the company's continued ability to comfortably meet its interest payments. As of August 31, 2024, the interest coverage ratio stands at 3.86, which still reflects a solid ability to handle interest expenses.
Overall, Synnex Corporation's interest coverage ratio demonstrates a mix of fluctuations and improvements over the years but has generally remained at satisfactory levels, indicating the company's ability to manage its debt obligations effectively.