Concentrix Corporation (CNXC)
Cash ratio
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 240,571 | 295,336 | 145,382 | 182,038 | 152,656 |
| Short-term investments | US$ in thousands | — | — | — | — | 2,305,900 |
| Total current liabilities | US$ in thousands | 1,995,810 | 2,074,040 | 1,132,120 | 968,214 | 1,008,660 |
| Cash ratio | 0.12 | 0.14 | 0.13 | 0.19 | 2.44 |
November 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($240,571K
+ $—K)
÷ $1,995,810K
= 0.12
The cash ratio of Concentrix Corporation has shown a notable decline over the years, from 2.44 on November 30, 2020, to 0.12 on November 30, 2024. This downward trend indicates that the company's ability to cover its short-term liabilities solely with its available cash and cash equivalents has weakened significantly. A cash ratio below 1 suggests that the company may face challenges in meeting its immediate financial obligations without relying on other sources of liquidity. It is essential for Concentrix Corporation to closely monitor its cash management strategies and ensure sufficient liquidity to sustain its operations and financial health.
Peer comparison
Nov 30, 2024