Concentrix Balance Sheet Health
Financial Health criteria checks 2/6
Concentrix has a total shareholder equity of $4.2B and total debt of $4.9B, which brings its debt-to-equity ratio to 118.3%. Its total assets and total liabilities are $12.2B and $8.0B respectively. Concentrix's EBIT is $761.6M making its interest coverage ratio 2.2. It has cash and short-term investments of $246.2M.
Key information
118.3%
Debt to equity ratio
US$4.93b
Debt
| Interest coverage ratio | 2.2x |
| Cash | US$246.24m |
| Equity | US$4.17b |
| Total liabilities | US$8.04b |
| Total assets | US$12.21b |
Recent financial health updates
Recent updates
Concentrix: Significant Business Growth Driven By AI, And Cheap Valuation
Nov 01Positive Sentiment Still Eludes Concentrix Corporation (NASDAQ:CNXC) Following 26% Share Price Slump
Oct 22
Concentrix: Hardly Growing Post-Merger (Rating Downgrade)
Sep 19Concentrix Corporation (NASDAQ:CNXC) Might Not Be As Mispriced As It Looks
Aug 21Concentrix: Worth A Look
Jun 04Concentrix Corporation's (NASDAQ:CNXC) Shares Lagging The Market But So Is The Business
Mar 26Concentrix: 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 27Financial Position Analysis
Short Term Liabilities: CNXC's short term assets ($2.9B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: CNXC's short term assets ($2.9B) do not cover its long term liabilities ($6.2B).
Debt to Equity History and Analysis
Debt Level: CNXC's net debt to equity ratio (112.4%) is considered high.
Reducing Debt: CNXC's debt to equity ratio has reduced from 142.9% to 118.3% over the past 5 years.
Debt Coverage: CNXC's debt is not well covered by operating cash flow (12.4%).
Interest Coverage: CNXC's interest payments on its debt are not well covered by EBIT (2.2x coverage).