Concentrix Corporation (CNXC)

Current ratio

Nov 30, 2024 Nov 30, 2023 Nov 30, 2022 Nov 30, 2021 Nov 30, 2020
Total current assets US$ in thousands 2,842,420 2,858,650 1,754,330 1,543,060 1,423,380
Total current liabilities US$ in thousands 1,995,810 2,074,040 1,132,120 968,214 1,008,660
Current ratio 1.42 1.38 1.55 1.59 1.41

November 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,842,420K ÷ $1,995,810K
= 1.42

Concentrix Corporation's current ratio has shown variation over the past five years. The current ratio improved from 1.41 in November 2020 to 1.59 in November 2021, indicating stronger short-term liquidity. However, there was a slight decrease to 1.55 in November 2022, followed by a decline to 1.38 in November 2023. It then increased marginally to 1.42 in November 2024. Overall, the current ratio has generally remained within a range that suggests the company has an acceptable level of current assets to cover its current liabilities. However, the fluctuations in the ratio over the years may indicate changes in the company's financial position and ability to meet short-term obligations efficiently.