Synnex Corporation (SNX)

Cash ratio

		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	Aug 31, 2019	May 31, 2019	Feb 28, 2019
Cash and cash equivalents	US$ in thousands	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	262,279	271,491	243,605
Short-term investments	US$ in thousands	—	—	—	14,935	17,222	6,690	—	—	—	—	—	—	152,656	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	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	4,578,680	4,461,220	3,880,480
Cash ratio		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	0.06	0.06	0.06

February 29, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,030,950K + $—K) ÷ $15,254,900K
= 0.07

The cash ratio of Synnex Corporation has shown volatility over the past several periods. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.

In the most recent period ending February 29, 2024, the cash ratio was 0.07, indicating that the company had $0.07 in cash and cash equivalents for every $1 of current liabilities. This represents a slight improvement compared to the previous period in November 30, 2023, where the cash ratio was 0.06.

Looking back further, there have been fluctuations in the cash ratio, with some periods showing higher ratios, such as in August 31, 2021, where the ratio spiked to 1.01. This exceptionally high ratio may have been influenced by specific factors unique to that period.

On average, the cash ratio has been relatively low, indicating that Synnex Corporation may have limited liquidity in terms of cash reserves compared to its short-term obligations. It would be important for stakeholders to monitor the company's cash management practices and liquidity position closely to ensure it can meet its short-term financial obligations.