Synnex Corporation (SNX)
Cash ratio
| Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 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 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,059,380 | 853,923 | 1,173,650 | 1,030,950 | 1,033,780 | 1,250,870 | 539,285 | 522,604 | 350,810 | 521,514 | 510,207 | 993,973 | 4,050,360 | 1,656,870 | 1,443,750 | 1,412,020 | 1,452,270 | 1,112,560 | 296,193 | 225,529 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | 14,935 | 17,222 | 6,690 | — | — | — | — | — | — | 152,656 | — | — | — | — |
| Total current liabilities | US$ in thousands | 17,221,200 | 15,990,400 | 14,703,100 | 15,254,900 | 16,738,800 | 15,532,000 | 15,790,600 | 16,428,700 | 15,930,900 | 14,659,700 | 15,207,000 | 14,233,500 | 4,007,390 | 4,270,330 | 3,968,310 | 5,630,090 | 5,632,150 | 5,229,300 | 4,227,150 | 4,607,120 |
| Cash ratio | 0.06 | 0.05 | 0.08 | 0.07 | 0.06 | 0.08 | 0.04 | 0.03 | 0.02 | 0.04 | 0.03 | 0.07 | 1.01 | 0.39 | 0.36 | 0.28 | 0.26 | 0.21 | 0.07 | 0.05 |
November 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,059,380K
+ $—K)
÷ $17,221,200K
= 0.06
The cash ratio of Synnex Corporation has displayed fluctuations over the past few years. The ratio measures the company's ability to cover its short-term obligations with cash and cash equivalents.
From November 2019 to August 2021, the cash ratio showed a positive trend, increasing from 0.05 to 1.01. This indicates that the company had a significant amount of cash on hand relative to its current liabilities during this period.
However, the ratio dropped to 0.07 in November 2021 and further declined to 0.02 in August 2022. This decline suggests that the company may have reduced its cash holdings or increased its short-term obligations during these periods.
In the subsequent quarters, the cash ratio saw slight improvements, reaching 0.08 by August 2024. While this represents a recovery from the low in August 2022, it is still lower than the peak in August 2021.
Overall, Synnex Corporation's cash ratio has exhibited variability, reflecting changes in its liquidity position and management of short-term obligations. Investors and stakeholders should monitor this ratio alongside other financial metrics to assess the company's financial health and liquidity position effectively.
Peer comparison
Nov 30, 2024