Concentrix Corporation (CNXC)

Current 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
Total current assets US$ in thousands 2,960,600 2,842,420 2,850,240 2,716,180 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 1,423,380 1,366,180 1,220,600
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
Current ratio 1.65 1.42 1.57 1.54 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 1.41 0.51 0.47

February 28, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,960,600K ÷ $1,792,180K
= 1.65

Concentrix Corporation's current ratio has shown fluctuations over the reported periods, ranging from a low of 1.38 to a high of 3.54. The current ratio was relatively stable around the 1.5-1.7 range until the August 31, 2023 period when it significantly increased to 3.54. This suggests a substantial increase in the company's current assets relative to its current liabilities. However, in the subsequent periods, the current ratio reverted closer to the previous levels. Overall, the current ratio indicates the company's ability to cover its short-term liabilities with its current assets, with a higher ratio implying a stronger liquidity position.