Synaptics Incorporated (SYNA)

Financial leverage ratio

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	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
Total assets	US$ in thousands	2,584,400	2,554,300	2,527,500	2,791,200	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
Total stockholders’ equity	US$ in thousands	1,394,900	1,387,000	1,376,100	1,467,300	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
Financial leverage ratio		1.85	1.84	1.84	1.90	1.93	2.06	2.11	2.12	2.10	2.05	2.10	2.13	2.26	2.33	2.41	1.78	2.30	2.34	2.02	2.12

June 30, 2025 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,584,400K ÷ $1,394,900K
= 1.85

The financial leverage ratio of Synaptics Incorporated demonstrates a pattern of fluctuations over the observed period, reflecting shifts in the company's capital structure and risk profile. Starting from a high of 2.12 as of September 30, 2020, the ratio experienced a decline to a low of 1.78 by September 30, 2021. Subsequently, it increased again, peaking at 2.41 on December 31, 2021, before gradually decreasing in the following months. By the end of the period examined, the ratio stabilizes around 1.84 to 1.93, with values such as 1.84 recorded on December 31, 2024, and June 30, 2025.

This pattern indicates that Synaptics has maintained a moderate level of financial leverage, with ratios frequently oscillating within a range of approximately 1.78 to 2.41. The initial higher leverage in late 2020 and the subsequent decrease reflect potential efforts to deleverage or manage debt levels amid market or operational conditions. The later stabilization around 2.10 suggests a consistent approach to leverage, aligning with typical industry standards for balancing risk and growth.

Overall, the company exhibits relatively stable financial leverage across the analyzed timeframe, avoiding significant spikes or declines that might signal undue risk or conservative financing strategies. This consistency implies prudent management of debt relative to equity, with the leverage ratio serving as an indicator of moderate financial risk exposure retained over the period.