Concentrix Balance Sheet Health
Financial Health criteria checks 2/6
Concentrix has a total shareholder equity of $4.1B and total debt of $5.0B, which brings its debt-to-equity ratio to 123.1%. Its total assets and total liabilities are $12.2B and $8.1B respectively. Concentrix's EBIT is $743.2M making its interest coverage ratio 3. It has cash and short-term investments of $234.8M.
Key information
123.1%
Debt to equity ratio
US$5.05b
Debt
| Interest coverage ratio | 3x |
| Cash | US$234.79m |
| Equity | US$4.10b |
| Total liabilities | US$8.14b |
| Total assets | US$12.24b |
Recent financial health updates
Recent updates
Concentrix Corporation's (NASDAQ:CNXC) Shares Lagging The Market But So Is The Business
Mar 26
Concentrix: AI Doesn't Seem An Imminent Risk And Valuation Is Cheap
Mar 19Concentrix (NASDAQ:CNXC) Takes On Some Risk With Its Use Of Debt
Jan 29Why We're Not Concerned About Concentrix Corporation's (NASDAQ:CNXC) Share Price
Dec 25Concentrix (NASDAQ:CNXC) Is Increasing Its Dividend To $0.3025
Oct 16Concentrix (NASDAQ:CNXC) Is Paying Out A Larger Dividend Than Last Year
Oct 02A Look At The Fair Value Of Concentrix Corporation (NASDAQ:CNXC)
Feb 03Concentrix (NASDAQ:CNXC) Is Increasing Its Dividend To $0.275
Oct 08Concentrix Q3 2022 Earnings Preview
Sep 27Is Concentrix Corporation (NASDAQ:CNXC) Expensive For A Reason? A Look At Its Intrinsic Value
Sep 27Concentrix Corporation: Anatomy Of A Falling Knife
Sep 19Concentrix goes ex-dividend tomorrow
Jul 27A Look At The Intrinsic Value Of Concentrix Corporation (NASDAQ:CNXC)
Jun 17Concentrix: A Key Player In CX With The ServiceSource And PK Acquisitions
May 12Is Now The Time To Put Concentrix (NASDAQ:CNXC) On Your Watchlist?
Apr 20Concentrix Corporation: Oversold And On The Way Up
Apr 01Financial Position Analysis
Short Term Liabilities: CNXC's short term assets ($2.8B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: CNXC's short term assets ($2.8B) do not cover its long term liabilities ($6.4B).
Debt to Equity History and Analysis
Debt Level: CNXC's net debt to equity ratio (117.4%) is considered high.
Reducing Debt: CNXC's debt to equity ratio has reduced from 160.5% to 123.1% over the past 5 years.
Debt Coverage: CNXC's debt is not well covered by operating cash flow (10.4%).
Interest Coverage: CNXC's interest payments on its debt are not well covered by EBIT (3x coverage).