Concentrix (Concentrix) Debt-to-Equity

: 1.23 (As of Feb. 2024)

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Concentrix's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $3 Mil. Concentrix's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $5,034 Mil. Concentrix's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $4,102 Mil. Concentrix's debt to equity for the quarter that ended in Feb. 2024 was 1.23.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Concentrix's Debt-to-Equity or its related term are showing as below:

CNXC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.85 Max: 1.7
Current: 1.23

During the past 7 years, the highest Debt-to-Equity Ratio of Concentrix was 1.70. The lowest was 0.31. And the median was 0.85.

CNXC's Debt-to-Equity is ranked worse than
88.47% of 2221 companies
in the Software industry
Industry Median: 0.21 vs CNXC: 1.23

Concentrix Debt-to-Equity Historical Data

The historical data trend for Concentrix's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Concentrix Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

1.35

0.50

0.31

0.83

1.19

Concentrix Quarterly Data
	Nov18	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity																0.79	0.75	1.37	1.19	1.23

Competitive Comparison

For the Information Technology Services subindustry, Concentrix's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Concentrix Debt-to-Equity Distribution

For the Software industry and Technology sector, Concentrix's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Concentrix's Debt-to-Equity falls into.

Concentrix Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Concentrix's Debt to Equity Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2.313	+	4939.712)	/	4143.294
	=	1.19

Concentrix's Debt to Equity Ratio for the quarter that ended in Feb. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2.714	+	5034.109)	/	4101.637
	=	1.23

Concentrix (NAS:CNXC) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Concentrix Debt-to-Equity Related Terms

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Concentrix (Concentrix) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Concentrix Corp (NAS:CNXC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CO8:Germany

Address

39899 Balentine Drive, Newark, CA, USA, 94560

Website

https://www.concentrix.com

Concentrix Corp is a technology-enabled company specialized in customer engagement and customer management. The company provides end-to-end solutions that facilitate communication between clients and their customers, provide analytics and process optimization, and support client-centric operations and back-office processing across the enterprise. The solutions are provided in four complementary areas: Customer Lifecycle Management; CX/UX Strategy and Design; Digital Transformation; and VOC and Analytics. Also, the company provides insurance solutions, marketing solutions, and automation solutions.

Executives

Jane Fogarty	officer: EVP, Legal	39899 BALENTINE DRIVE, SUITE 235, NEWARK CA 94560
Dennis Polk	director	44201 NOBEL DRIVE, FREMONT CA 94538
Christopher A Caldwell	director, officer: President and CEO	39899 BALENTINE DRIVE, SUITE 235, NEWARK CA 94560
Olivier Duha	director	39899 BALENTINE DRIVE, STE 235, NEWARK CA 94560
Vi Sa Finpar	10 percent owner	AVENUE MARNIX 24, BRUSSELS C9 1000
Sapiens S.a R.l.	10 percent owner	19-21, ROUTE D'ARLON, STRASSEN N4 L-8009
Gbl Verwaltung S.a.	10 percent owner	19-21, ROUTE D'ARLON, STRASSEN N4 L-8009
V Sa Finpar	10 percent owner	AVENUE MARNIX 24, BRUSSELS C9 1000
Nicolas Gheysens	director	C/O GBL VERWALTUNG S.A., 19-21, ROUTE D'ARLON, STRASSUN N4 L-8009
Bruxelles Lambert Groupe	10 percent owner	24 AVENUE MARNIX, BRUSSELS C9 1000
Kathryn Hayley	director	C/O AON CORPORATION, LAW DEPT, 200 EAST RANDOLPH STREET, 8TH FLOOR, CHICAGO IL 60601
Twomey Cormac J	officer: EVP, Global Ops & Delivery	201 EAST FOURTH STREET, CONVERGYS CORPORATION, CINCINNATI OH 45202
Peer Developments Ltd	10 percent owner	4TH FLOOR, NO. 75, SEC. 3,, MING-SHENG E. ROAD,, TAIPEI F5 00000
Matthew Miau	10 percent owner	44201 NOBEL DRIVE, FREMONT CA 94538
Silver Star Developments Ltd	10 percent owner	NO 200 WEN HWA 2ND RD, KUEI SHAN HSIANG, TAOYUAN F5 00000