Synaptics Incorporated (SYNA)

Debt-to-capital ratio

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Long-term debt	US$ in thousands	—	—	—	—	—
Total stockholders’ equity	US$ in thousands	1,394,900	1,466,800	1,243,400	1,266,400	967,200
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00

June 30, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,394,900K)
= 0.00

The analysis of Synaptics Incorporated's debt-to-capital ratio over the specified period reveals a consistent pattern of zero values across all given dates. Specifically, for each fiscal year-end from June 30, 2021, through June 30, 2025, the debt-to-capital ratio remains at 0.00. This indicates that the company has maintained an entirely debt-free capital structure throughout this timeframe. The persistent absence of debt suggests that Synaptics has financed its assets exclusively through equity or retained earnings, avoiding the use of debt financing entirely. This stable zero ratio reflects a conservative financial strategy, potentially minimizing financial risk associated with leverage, and indicative of a strong liquidity position or a strategic preference to operate without leveraging debt.