Synnex Corporation (SNX)

Cash ratio

		Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020	Nov 30, 2019
Cash and cash equivalents	US$ in thousands	1,033,780	522,604	993,973	1,412,020	225,529
Short-term investments	US$ in thousands	—	17,222	—	152,656	—
Total current liabilities	US$ in thousands	16,738,800	16,428,700	14,233,500	5,630,090	4,607,120
Cash ratio		0.06	0.03	0.07	0.28	0.05

November 30, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,033,780K + $—K) ÷ $16,738,800K
= 0.06

The cash ratio of TD Synnex Corp has fluctuated over the past five years. In November 2023, the cash ratio stood at 0.10, compared to 0.07 in 2022, 0.12 in 2021, 0.34 in 2020, and 0.13 in 2019. The cash ratio represents the proportion of a company's current assets held in cash, or in near-cash assets that can be quickly converted into cash. A higher cash ratio indicates a greater ability to cover short-term liabilities using cash and cash equivalents. The fluctuation in TD Synnex Corp's cash ratio over the years may indicate variations in its liquidity and ability to meet short-term obligations. It would be advisable to conduct further analysis to understand the factors contributing to these fluctuations and to assess the company's liquidity position in greater detail.