Synopsys Inc (SNPS)

Current ratio

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Total current assets	US$ in thousands	3,407,930	3,430,620	3,268,310	3,160,940	3,028,400	3,012,670	2,899,030	3,074,250	2,947,500	2,808,340	2,763,980	2,689,800	2,397,720	2,549,220	2,186,020	1,960,760	1,951,430	1,738,920	1,617,640	1,643,880
Total current liabilities	US$ in thousands	2,644,510	2,985,450	2,729,980	2,748,680	2,725,000	2,774,500	2,545,860	2,462,660	2,471,660	2,413,480	2,334,640	2,255,700	2,171,380	2,139,920	2,056,280	2,054,200	2,055,740	1,752,450	1,630,450	1,732,930
Current ratio		1.29	1.15	1.20	1.15	1.11	1.09	1.14	1.25	1.19	1.16	1.18	1.19	1.10	1.19	1.06	0.95	0.95	0.99	0.99	0.95

January 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $3,407,930K ÷ $2,644,510K
= 1.29

The current ratio of Synopsys, Inc. has fluctuated over the past eight quarters, ranging from a low of 1.09 in Q4 2022 to a high of 1.29 in Q1 2024. Generally, a current ratio above 1 indicates the company is able to meet its short-term obligations using its current assets.

The current ratio was below 1.2 in Q1 2023, Q2 2023, Q4 2022, and Q3 2022, indicating relatively lower liquidity during those periods. However, the current ratio improved in subsequent quarters, reaching 1.25 in Q2 2022 and 1.29 in Q1 2024.

Overall, the current ratio of Synopsys, Inc. has shown variability but has generally been above 1, suggesting a strong ability to cover short-term liabilities with current assets, with recent quarters showing an improved liquidity position. Further analysis of the company's current assets and liabilities would provide a more in-depth understanding of its liquidity management.