Synaptics Incorporated (SYNA)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	1,466,800	1,235,400	1,220,300	1,204,300	1,243,400	1,321,100	1,300,400	1,325,100	1,266,400	1,157,700	1,063,900	1,001,400	967,200	932,600	888,000	838,700	819,100	712,900	691,300	654,800
Debt-to-equity ratio		0.66	0.78	0.79	0.81	0.78	0.74	0.75	0.74	0.77	0.85	0.92	0.39	0.41	0.42	0.11	0.12	0.12	0.68	0.69	0.72

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 a fluctuating trend over the past few quarters. As of June 30, 2024, the ratio stands at 0.66, indicating that the company has $0.66 of debt for every $1 of equity.

The ratio has decreased from the previous quarter, where it was 0.78, suggesting an improvement in the company's financial leverage. However, compared to the same period last year, the debt-to-equity ratio has increased, implying that Synaptics has taken on more debt relative to its equity over the past year.

The ratio has been relatively higher in recent quarters compared to historical levels, with a peak of 0.92 in March 2022. This indicates a significant increase in the company's reliance on debt financing during that period.

Overall, while the recent decrease in the debt-to-equity ratio may suggest a positive development in the company's financial structure, it is important to monitor future trends to assess whether Synaptics can maintain a sustainable balance between debt and equity.