Concentrix Corporation (CNXC)

Current ratio

		Nov 30, 2023	Nov 30, 2022	Nov 30, 2021
Total current assets	US$ in thousands	2,858,650	1,754,330	1,543,060
Total current liabilities	US$ in thousands	2,074,040	1,132,120	968,214
Current ratio		1.38	1.55	1.59

November 30, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,858,650K ÷ $2,074,040K
= 1.38

The current ratio of Concentrix Corp. has shown fluctuations over the past five years, ranging from 0.48 in 2019 to 1.59 in 2021. The ratio indicates the company's ability to meet its short-term obligations with its current assets. A higher current ratio is generally preferred, suggesting a healthier liquidity position. Concentrix Corp.'s current ratio has been above 1 for the past five years, indicating that the company has had sufficient current assets to cover its short-term liabilities. However, the decrease in the current ratio from 2021 to 2023 may indicate a potential reduction in the company's liquidity position and its ability to meet short-term obligations. It would be prudent for stakeholders to closely monitor this trend to assess the company's short-term liquidity management.