Concentrix Corporation (CNXC)

Cash ratio

		Feb 28, 2025	Nov 30, 2024	Aug 31, 2024	May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020
Cash and cash equivalents	US$ in thousands	308,000	240,571	246,241	207,340	234,794	295,336	2,112,790	152,896	178,386	145,382	176,082	163,364	142,157	182,038	154,193	131,249	117,576	152,656	93,341	94,749
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2,305,900	—	—
Total current liabilities	US$ in thousands	1,792,180	1,995,810	1,812,000	1,766,320	1,782,770	2,074,040	1,045,570	1,007,480	993,966	1,132,120	1,028,210	1,023,020	1,036,280	968,214	888,792	889,613	877,576	1,008,660	2,666,120	2,624,750
Cash ratio		0.17	0.12	0.14	0.12	0.13	0.14	2.02	0.15	0.18	0.13	0.17	0.16	0.14	0.19	0.17	0.15	0.13	2.44	0.04	0.04

February 28, 2025 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($308,000K + $—K) ÷ $1,792,180K
= 0.17

Concentrix Corporation's cash ratio has fluctuated over the past few years according to the provided data. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.

From November 30, 2021, to May 31, 2023, the cash ratio ranged between 0.13 and 0.19, indicating that Concentrix had a relatively low level of cash compared to its current liabilities during this period. However, the cash ratio significantly increased to 2.02 on August 31, 2023, suggesting a sudden boost in Concentrix's cash position compared to its short-term obligations.

Subsequently, the cash ratio decreased gradually from November 30, 2023, to August 31, 2024, varying between 0.12 and 0.17. This decline in the cash ratio implies that Concentrix may have used some of its cash reserves to meet its short-term liabilities during this period.

As of February 28, 2025, the cash ratio stood at 0.17, indicating that Concentrix had a moderate level of cash to cover its short-term obligations at that point in time. In conclusion, Concentrix's cash ratio has displayed fluctuations, signaling changes in the company's liquidity position over the analyzed period.