Synaptics Incorporated (SYNA)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	1,466,800	1,243,400	1,266,400	967,200	819,100
Debt-to-capital ratio		0.40	0.44	0.44	0.29	0.11

June 30, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $966,900K ÷ ($966,900K + $1,466,800K)
= 0.40

The debt-to-capital ratio of Synaptics Incorporated has shown a varying trend over the past five years. As of June 30, 2024, the ratio stands at 0.40, indicating that 40% of the company's capital structure is funded by debt. This represents a decrease from the previous year's ratio of 0.44.

Comparing to the ratio of 0.44 in both 2023 and 2022, it is evident that the company has slightly reduced its reliance on debt for financing its operations. The significant decrease observed from 2022 to 2021, where the ratio dropped from 0.44 to 0.29, suggests a strategic shift towards a more balanced capital structure.

Furthermore, the ratio of 0.11 in 2020 indicates a considerably lower level of debt in the capital structure, highlighting a potential period of deleveraging or increased equity financing.

Overall, the trend in Synaptics Incorporated's debt-to-capital ratio over the past five years suggests a mix of debt management strategies, with recent years showing a moderate decrease in debt reliance compared to earlier periods. However, further analysis of the company's financial position and strategy will be required to fully assess the implications of these changes.