Concentrix Corporation (CNXC)

Cash ratio

		Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Cash and cash equivalents	US$ in thousands	295,336	145,382	182,038
Short-term investments	US$ in thousands	—	—	—
Total current liabilities	US$ in thousands	2,074,040	1,132,120	968,214
Cash ratio		0.14	0.13	0.19

November 30, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($295,336K + $—K) ÷ $2,074,040K
= 0.14

The cash ratio of Concentrix Corp. has been showing an increasing trend over the past five years. As of Nov 30, 2023, the cash ratio stands at 0.47, indicating that the company has $0.47 in cash and cash equivalents for every $1 of its current liabilities. This suggests that Concentrix Corp. has a higher level of liquidity and is better positioned to meet its short-term financial obligations. The improvement in the cash ratio reflects positively on the company's ability to manage its short-term cash flows and indicates a stronger financial position compared to previous years. It suggests the company may have enhanced its cash management practices, which can provide a cushion in uncertain economic conditions and allow for strategic investments or potential downturns.