Synnex Corporation (SNX)
Current ratio
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 20,084,400 | 20,500,900 | 17,734,100 | 8,769,130 | 7,452,990 |
| Total current liabilities | US$ in thousands | 16,738,800 | 16,428,700 | 14,233,500 | 5,630,090 | 4,607,120 |
| Current ratio | 1.20 | 1.25 | 1.25 | 1.56 | 1.62 |
November 30, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $20,084,400K ÷ $16,738,800K
= 1.20
The current ratio of TD Synnex Corp has exhibited a declining trend over the past five years. As of November 30, 2023, the current ratio stands at 1.20, a decrease from 1.25 in the previous year and a notable decrease from 1.62 in 2019. This indicates a potential weakening in the company's short-term liquidity position. The current assets may not be sufficient to cover the current liabilities, raising concerns about the company's ability to meet its short-term obligations. Further analysis of the individual components of current assets and liabilities is required to understand the underlying reasons for this trend and to assess the company's liquidity risk.
Peer comparison
Nov 30, 2023