Synaptics Incorporated (SYNA)

Debt-to-assets ratio

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Long-term debt	US$ in thousands	966,900	967,700	968,700	969,600	972,000	972,900	973,900	974,800	975,700	982,600	983,500	394,500	394,400	394,400	100,000	100,000	100,000	482,000	477,400	472,800
Total assets	US$ in thousands	2,825,000	2,539,700	2,573,300	2,548,700	2,611,400	2,714,700	2,725,300	2,824,800	2,858,100	2,698,000	2,567,400	1,782,200	2,226,800	2,181,000	1,792,200	1,774,900	1,693,800	1,481,100	1,457,200	1,424,300
Debt-to-assets ratio		0.34	0.38	0.38	0.38	0.37	0.36	0.36	0.35	0.34	0.36	0.38	0.22	0.18	0.18	0.06	0.06	0.06	0.33	0.33	0.33

June 30, 2024 calculation

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

The debt-to-assets ratio of Synaptics Incorporated has shown some fluctuations over the past quarters. From December 2019 to September 2021, the ratio remained relatively stable, hovering around 0.33. There was a significant decrease in the ratio in the first quarter of 2022, dropping to 0.22, indicating a lower level of debt relative to assets during that period.

Subsequently, the ratio increased steadily, reaching a peak of 0.38 in December 2022 and remaining at that level for the next three quarters. This suggests that the company took on more debt compared to its assets during that time. However, it is worth noting that the ratio did not surpass the previous peak of 0.38 seen in the first quarter of 2020.

Overall, the debt-to-assets ratio of Synaptics Incorporated has exhibited some variability, but has generally remained within a relatively moderate range, indicating a reasonable balance between debt and assets in the company's capital structure.