Synnex Corporation (SNX)
Current ratio
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 21,324,700 | 20,084,400 | 20,500,900 | 17,734,100 | 8,769,130 |
| Total current liabilities | US$ in thousands | 17,221,200 | 16,738,800 | 16,428,700 | 14,233,500 | 5,630,090 |
| Current ratio | 1.24 | 1.20 | 1.25 | 1.25 | 1.56 |
November 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $21,324,700K ÷ $17,221,200K
= 1.24
Synnex Corporation's current ratio has experienced a slight decrease over the past few years, declining from 1.56 on November 30, 2020, to 1.24 on November 30, 2024. This downward trend suggests a potential weakening in the company's short-term liquidity position. While the current ratio remains above 1, indicating that the company's current assets still exceed its current liabilities, the decreasing ratio may warrant further investigation into the company's ability to meet its short-term obligations efficiently. It is essential for stakeholders to closely monitor this trend to ensure the company's liquidity remains stable and sustainable in the future.
Peer comparison
Nov 30, 2024