Concentrix Corporation (CNXC)

Current ratio

		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
Total current assets	US$ in thousands	2,781,920	2,858,650	3,701,960	1,752,060	1,748,140	1,754,330	1,717,400	1,628,980	1,630,840	1,543,060	1,460,830	1,476,870	1,407,300
Total current liabilities	US$ in thousands	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
Current ratio		1.56	1.38	3.54	1.74	1.76	1.55	1.67	1.59	1.57	1.59	1.64	1.66	1.60

February 29, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,781,920K ÷ $1,782,770K
= 1.56

Concentrix Corporation's current ratio has fluctuated over the past year, with a range from 1.38 to 3.54. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A higher current ratio indicates a stronger liquidity position.

In August 2023, the current ratio spiked to 3.54, reflecting a significant increase in current assets relative to current liabilities. This may suggest improved liquidity and the ability to easily meet short-term obligations.

However, the current ratio dipped to 1.38 in November 2023, indicating a potential liquidity strain as current liabilities exceeded current assets. This could signal difficulties in meeting short-term obligations without additional funding.

The current ratio has generally remained above 1, indicating that Concentrix Corporation has had sufficient current assets to cover its current liabilities throughout the periods analyzed. However, investors and analysts should monitor the trend of the current ratio over time to assess the company's liquidity position and financial stability.