Concentrix Corporation (CNXC)
Quick 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 | 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 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($308,000K
+ $—K
+ $—K)
÷ $1,792,180K
= 0.17
The quick ratio of Concentrix Corporation has shown fluctuations over the past few years, ranging from a low of 1.05 on November 30, 2023, to a high of 3.34 on August 31, 2023. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory. A quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its current liabilities.
Concentrix Corporation's quick ratio has generally been above 1, indicating a healthy liquidity position during the analyzed period. A quick ratio above 1.5 is considered favorable, as it suggests a strong ability to meet short-term obligations without relying heavily on inventory.
However, it is important to note that the quick ratio dropped below 1 on November 30, 2023, which may raise concerns about the company's short-term liquidity position during that period. Overall, while the quick ratio has shown some variability, Concentrix Corporation has generally maintained a satisfactory level of liquidity to meet its short-term obligations based on the provided data.
Peer comparison
Feb 28, 2025