Synaptics Incorporated (SYNA)

Debt-to-equity 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-equity ratio		0.66	0.78	0.77	0.41	0.12

June 30, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $966,900K ÷ $1,466,800K
= 0.66

The debt-to-equity ratio of Synaptics Incorporated has shown variability over the past five years, ranging from 0.12 in June 2020 to 0.78 in June 2023. A declining trend in the ratio was observed from 0.78 in June 2023 to 0.66 in June 2024.

A debt-to-equity ratio of 0.66 as of June 30, 2024, indicates that the company's total debt is 66% of its total equity. This signifies that Synaptics Incorporated relies more on equity financing rather than debt to support its operations and growth. Overall, the historical trend suggests that the company's debt levels relative to equity have fluctuated in recent years, reflecting changes in its capital structure and financial strategy. Further assessment and comparison with industry benchmarks may provide additional insights into the company's financial health and risk profile.