Syneos Health (FRA:8IN) Debt-to-Equity : 0.83 (As of Jun. 2023)

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What is Syneos Health Debt-to-Equity?

Syneos Health's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €63 Mil. Syneos Health's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €2,609 Mil. Syneos Health's Total Stockholders Equity for the quarter that ended in Jun. 2023 was €3,225 Mil. Syneos Health's debt to equity for the quarter that ended in Jun. 2023 was 0.83.

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 Syneos Health's Debt-to-Equity or its related term are showing as below:

FRA:8IN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.83 Med: 1.02 Max: 2.31
Current: 0.83

During the past 12 years, the highest Debt-to-Equity Ratio of Syneos Health was 2.31. The lowest was 0.83. And the median was 1.02.

FRA:8IN's Debt-to-Equity is not ranked
in the Medical Diagnostics & Research industry.
Industry Median: 0.22 vs FRA:8IN: 0.83

Syneos Health Debt-to-Equity Historical Data

The historical data trend for Syneos Health'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.

Syneos Health Debt-to-Equity Chart

Syneos Health Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.99

0.96

0.99

0.90

0.83

Syneos Health Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															0.93	0.91	0.83	0.83	0.83

Competitive Comparison of Syneos Health's Debt-to-Equity

For the Diagnostics & Research subindustry, Syneos Health'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.

Syneos Health's Debt-to-Equity Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Syneos Health's Debt-to-Equity distribution charts can be found below:

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

Syneos Health Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Syneos Health's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(64.187	+	2672.33)	/	3299.281
	=	0.83

Syneos Health's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(63.017	+	2609.276)	/	3224.735
	=	0.83

Syneos Health (FRA:8IN) 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.

Syneos Health Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Syneos Health's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Syneos Health (FRA:8IN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Syneos Health Inc (FRA:8IN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

1030 Sync Street, Morrisville, NC, USA, 27560-5468

Website

https://www.syneoshealth.com

Syneos is a global contract research and outsourced commercialization organization that provides services to pharmaceutical and biotechnology firms. Its clinical solutions segment offers early- to late-stage clinical trial support that ranges from specialized staffing models to strategic partnerships that oversee nearly all aspects of a drug program, while the company's commercialization solutions includes outsourced sales, consulting, public relations, and advertising services.

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