Synaptics Incorporated (SYNA)

Debt-to-assets ratio

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Long-term debt	US$ in thousands	966,900	972,000	975,700	394,400	100,000
Total assets	US$ in thousands	2,825,000	2,611,400	2,858,100	2,226,800	1,693,800
Debt-to-assets ratio		0.34	0.37	0.34	0.18	0.06

June 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $966,900K ÷ $2,825,000K
= 0.34

Synaptics Incorporated's debt-to-assets ratio has exhibited fluctuations over the past five years. In the most recent year, as of June 30, 2024, the ratio stands at 0.34, indicating that 34% of the company's assets are financed through debt. This represents a slight decrease from the previous year's ratio of 0.37.

Comparing the current ratio to two years prior, there appears to be a stabilization as the ratio was also at 0.34 in June 30, 2022. However, it is noteworthy that there has been a significant increase in the ratio from the levels seen in 2020 and 2021, where the ratios were 0.06 and 0.18, respectively.

This trend suggests that Synaptics has been relying more on debt to finance its assets in recent years. While a higher debt-to-assets ratio can indicate increased financial leverage and potential risk, it can also signal strategic investments or growth initiatives that require external funding.

Further analysis of the company's overall financial health, profitability, and cash flow would provide a more comprehensive understanding of the implications of Synaptics Incorporated's debt-to-assets ratio over the specified period.