Debt to Equity
since 2005
Calculation
Synopsys Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Total debt1 | ÷ | Total Synopsys stockholders’ equity1 | |
|---|---|---|---|---|---|
| Oct 31, 2025 | 0.48 | = | 13,484,515) | ÷ | 28,327,602) |
| Oct 31, 2024 | 0.00 | = | 15,601) | ÷ | 8,990,702) |
| Oct 31, 2023 | 0.00 | = | 18,078) | ÷ | 6,147,308) |
| Oct 31, 2022 | 0.00 | = | 20,824) | ÷ | 5,515,725) |
| Oct 31, 2021 | 0.02 | = | 100,086) | ÷ | 5,295,137) |
| Oct 31, 2020 | 0.03 | = | 127,907) | ÷ | 4,907,404) |
| Oct 31, 2019 | 0.03 | = | 137,707) | ÷ | 4,083,013) |
| Oct 31, 2018 | 0.13 | = | 469,304) | ÷ | 3,479,152) |
| Oct 31, 2017 | 0.04 | = | 143,987) | ÷ | 3,275,620) |
| Oct 31, 2016 | 0.06 | = | 205,000) | ÷ | 3,195,146) |
| Oct 31, 2015 | 0.07 | = | 205,000) | ÷ | 3,133,989) |
| Oct 31, 2014 | 0.02 | = | 75,000) | ÷ | 3,056,170) |
| Oct 31, 2013 | 0.04 | = | 105,000) | ÷ | 2,788,277) |
| Oct 31, 2012 | 0.05 | = | 135,000) | ÷ | 2,501,686) |
| Oct 31, 2011 | 0.00 | = | —) | ÷ | 2,101,300) |
| Oct 31, 2010 | 0.00 | = | —) | ÷ | 2,100,182) |
| Oct 31, 2009 | 0.00 | = | —) | ÷ | 1,844,166) |
| Oct 31, 2008 | 0.00 | = | —) | ÷ | 1,528,371) |
| Oct 31, 2007 | 0.00 | = | —) | ÷ | 1,436,393) |
| Oct 31, 2006 | 0.00 | = | —) | ÷ | 1,163,167) |
| Oct 31, 2005 | 0.00 | = | —) | ÷ | 1,218,936) |
Based on: 10-K (reporting date: 2025-10-31), 10-K (reporting date: 2024-10-31), 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31), 10-K (reporting date: 2012-10-31), 10-K (reporting date: 2011-10-31), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).
1 US$ in thousands
The debt to equity ratio for the analyzed period demonstrates significant fluctuations. Initially, information is unavailable until 2008, at which point the ratio begins to be reported. From 2008 through 2010, the ratio exhibits a decreasing trend, indicating a strengthening equity position relative to debt. A slight increase is observed in 2011, followed by a further decrease through 2013, suggesting continued financial stability and conservative leverage.
A notable increase in the debt to equity ratio occurs in 2014 and remains elevated in 2015, indicating a strategic decision to increase debt financing. The ratio then declines in 2016 and 2017, before experiencing a substantial surge in 2018. This is followed by a significant decrease in 2019, 2020, and 2021, bringing the ratio to near-zero levels. This suggests a period of aggressive debt reduction or substantial equity growth. The ratio remains at zero through 2023.
However, a dramatic increase is observed in 2024, with the debt to equity ratio rising to 0.48. This represents a substantial shift in the company’s capital structure, indicating a significant increase in debt relative to equity. This change warrants further investigation to understand the underlying reasons and potential implications.
- Overall Trend
- The overall trend is characterized by volatility. The company transitioned from a period of low and decreasing leverage to a period of increased debt, followed by aggressive debt reduction, and finally, a substantial re-introduction of debt in the most recent year. This suggests a dynamic financial strategy influenced by market conditions and internal investment decisions.
- Period of Low Leverage (2008-2013)
- During this period, the debt to equity ratio remained consistently low, ranging from 0.02 to 0.07. This indicates a conservative financial approach and a strong equity base. The decreasing trend within this period suggests increasing financial strength.
- Period of Increased Debt (2014-2015)
- The ratio increased significantly in 2014 and 2015, reaching 0.07 and 0.06 respectively. This suggests the company may have undertaken significant borrowing to fund acquisitions, investments, or share repurchases.
- Period of Debt Reduction (2016-2021)
- From 2016 through 2021, the debt to equity ratio experienced a substantial decline, culminating in a ratio of zero. This indicates a successful strategy of debt repayment or significant growth in equity, potentially driven by profitability and retained earnings.
- Recent Increase in Leverage (2024)
- The dramatic increase in the debt to equity ratio in 2024 to 0.48 is a significant development. This suggests a major shift in financing strategy, potentially involving a large debt issuance or a decrease in equity. Further analysis is needed to determine the cause and potential impact of this change.
Comparison to Competitors
Synopsys Inc., debt to equity, long-term trends, comparison to competitors
| Synopsys Inc. | Accenture PLC | Adobe Inc. | AppLovin Corp. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Datadog Inc. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 31, 2025 | 0.48 | 0.17 | 0.53 | — | — | 0.23 | — | — | 0.30 | 0.26 | 4.53 | — | 0.00 | 0.15 | 0.12 | 0.33 |
| Oct 31, 2024 | 0.00 | 0.04 | 0.40 | 3.22 | 0.53 | 0.32 | 0.59 | 2.01 | 0.33 | 0.29 | 9.98 | 0.00 | 0.19 | 0.17 | 0.15 | 0.37 |
| Oct 31, 2023 | 0.00 | 0.01 | 0.22 | 2.48 | 0.19 | 0.51 | 0.37 | 2.51 | 0.35 | 0.31 | 84.33 | 0.00 | 1.14 | 0.20 | 0.20 | 0.53 |
| Oct 31, 2022 | 0.00 | 0.00 | 0.29 | 1.69 | 0.27 | 0.72 | 0.52 | 2.32 | 0.42 | 0.39 | — | 0.00 | 17.51 | 0.19 | 0.30 | 0.41 |
| Oct 31, 2021 | 0.02 | 0.00 | 0.28 | 1.51 | 0.13 | 0.85 | 0.71 | 2.74 | 0.21 | 0.50 | 16.08 | 0.00 | 5.08 | 0.07 | 0.43 | 0.55 |
| Oct 31, 2020 | 0.03 | 0.00 | 0.31 | — | 0.14 | 0.00 | 0.60 | 2.99 | 0.66 | 0.62 | 5.93 | 0.13 | 2.80 | 0.09 | 0.58 | 0.51 |
| Oct 31, 2019 | 0.03 | 0.00 | 0.39 | — | 0.16 | — | 0.00 | 3.02 | 0.12 | 0.77 | 2.58 | — | 0.90 | 0.22 | 0.33 | 0.62 |
| Oct 31, 2018 | 0.13 | 0.00 | 0.44 | — | 0.35 | — | — | 2.73 | 0.19 | 0.97 | 1.33 | — | 1.99 | 0.21 | 0.60 | 0.94 |
| Oct 31, 2017 | 0.04 | 0.00 | 0.22 | — | 0.74 | — | — | 2.66 | 0.36 | 1.23 | 1.08 | — | 0.69 | 0.32 | 2.01 | 0.46 |
| Oct 31, 2016 | 0.06 | 0.00 | 0.26 | — | 0.93 | — | — | 2.31 | 0.86 | 0.76 | 0.93 | — | 0.64 | 0.36 | 1.31 | 0.45 |
| Oct 31, 2015 | 0.07 | 0.00 | 0.27 | — | 0.25 | — | — | 2.80 | 0.21 | 0.44 | 0.86 | — | 1.00 | 0.49 | 0.84 | 0.44 |
| Oct 31, 2014 | 0.02 | 0.00 | 0.22 | — | 0.52 | — | — | 3.44 | 0.16 | 0.25 | 0.52 | — | 1.00 | 0.79 | 1.04 | 0.41 |
| Oct 31, 2013 | 0.04 | 0.01 | 0.23 | — | 0.28 | — | — | 1.74 | 0.14 | 0.20 | 0.41 | — | 0.00 | 0.25 | 1.05 | 0.04 |
| Oct 31, 2012 | 0.05 | 0.00 | 0.23 | — | 0.49 | — | — | 1.76 | 0.18 | 0.18 | 0.38 | — | 0.00 | 0.35 | 0.00 | — |
| Oct 31, 2011 | 0.00 | 0.00 | 0.26 | — | 1.04 | — | — | 1.56 | 0.38 | 0.21 | 0.40 | — | — | 0.38 | — | — |
| Oct 31, 2010 | 0.00 | 0.00 | 0.29 | — | 1.99 | — | — | 1.24 | 0.35 | 0.13 | 0.48 | — | — | 0.45 | — | — |
| Oct 31, 2009 | 0.00 | 0.00 | 0.20 | — | 4.02 | — | — | 1.15 | 0.39 | 0.15 | 0.41 | — | — | 0.01 | — | — |
| Oct 31, 2008 | 0.00 | 0.00 | 0.08 | — | 4.91 | — | — | 2.52 | 0.48 | 0.00 | 0.49 | — | — | 0.00 | — | — |
| Oct 31, 2007 | 0.00 | 0.01 | 0.00 | — | 0.35 | — | — | 1.24 | 0.49 | 0.00 | 0.45 | — | — | 0.00 | — | — |
| Oct 31, 2006 | 0.00 | 0.03 | 0.00 | — | 0.45 | — | — | 0.80 | 0.00 | 0.00 | 0.39 | — | — | 0.00 | — | — |
| Oct 31, 2005 | 0.00 | 0.04 | 0.00 | — | 0.31 | — | — | 0.68 | 0.00 | 0.00 | 0.26 | — | — | 0.01 | — | — |
Based on: 10-K (reporting date: 2025-10-31), 10-K (reporting date: 2024-10-31), 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31), 10-K (reporting date: 2012-10-31), 10-K (reporting date: 2011-10-31), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).
Comparison to Sector (Software & Services)
Synopsys Inc., debt to equity, long-term trends, comparison to sector (software & services)
| Synopsys Inc. | Software & Services | |
|---|---|---|
| Oct 31, 2025 | 0.48 | — |
| Oct 31, 2024 | 0.00 | 0.54 |
| Oct 31, 2023 | 0.00 | 0.64 |
| Oct 31, 2022 | 0.00 | 0.71 |
| Oct 31, 2021 | 0.02 | 0.83 |
| Oct 31, 2020 | 0.03 | 0.94 |
| Oct 31, 2019 | 0.03 | 1.04 |
| Oct 31, 2018 | 0.13 | 1.07 |
| Oct 31, 2017 | 0.04 | 1.14 |
| Oct 31, 2016 | 0.06 | 0.90 |
| Oct 31, 2015 | 0.07 | 0.73 |
| Oct 31, 2014 | 0.02 | 0.54 |
| Oct 31, 2013 | 0.04 | 0.46 |
| Oct 31, 2012 | 0.05 | 0.44 |
| Oct 31, 2011 | 0.00 | 0.47 |
| Oct 31, 2010 | 0.00 | 0.46 |
| Oct 31, 2009 | 0.00 | 0.44 |
| Oct 31, 2008 | 0.00 | 0.56 |
| Oct 31, 2007 | 0.00 | 0.50 |
| Oct 31, 2006 | 0.00 | 0.31 |
| Oct 31, 2005 | 0.00 | 0.26 |
Based on: 10-K (reporting date: 2025-10-31), 10-K (reporting date: 2024-10-31), 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31), 10-K (reporting date: 2012-10-31), 10-K (reporting date: 2011-10-31), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).
Comparison to Industry (Information Technology)
Synopsys Inc., debt to equity, long-term trends, comparison to industry (information technology)
| Synopsys Inc. | Information Technology | |
|---|---|---|
| Oct 31, 2025 | 0.48 | — |
| Oct 31, 2024 | 0.00 | 0.61 |
| Oct 31, 2023 | 0.00 | 0.66 |
| Oct 31, 2022 | 0.00 | 0.70 |
| Oct 31, 2021 | 0.02 | 0.83 |
| Oct 31, 2020 | 0.03 | 0.97 |
| Oct 31, 2019 | 0.03 | 0.98 |
| Oct 31, 2018 | 0.13 | 0.83 |
| Oct 31, 2017 | 0.04 | 0.81 |
| Oct 31, 2016 | 0.06 | 0.66 |
| Oct 31, 2015 | 0.07 | 0.56 |
| Oct 31, 2014 | 0.02 | 0.39 |
| Oct 31, 2013 | 0.04 | 0.29 |
| Oct 31, 2012 | 0.05 | 0.25 |
| Oct 31, 2011 | 0.00 | 0.27 |
| Oct 31, 2010 | 0.00 | 0.25 |
| Oct 31, 2009 | 0.00 | 0.26 |
| Oct 31, 2008 | 0.00 | 0.28 |
| Oct 31, 2007 | 0.00 | 0.26 |
| Oct 31, 2006 | 0.00 | 0.19 |
| Oct 31, 2005 | 0.00 | 0.15 |
Based on: 10-K (reporting date: 2025-10-31), 10-K (reporting date: 2024-10-31), 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31), 10-K (reporting date: 2012-10-31), 10-K (reporting date: 2011-10-31), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).