Synnex Corporation (SNX)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 21,324,700 | 20,057,800 | 18,583,700 | 18,580,700 | 20,084,400 | 19,168,500 | 19,965,200 | 20,500,900 | 19,882,500 | 18,535,400 | 18,948,900 | 17,734,100 | 9,603,420 | 7,239,760 | 6,804,610 | 8,769,130 | 8,564,150 | 7,968,620 | 6,947,460 | 7,452,990 |
| 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 |
| Current ratio | 1.24 | 1.25 | 1.26 | 1.22 | 1.20 | 1.23 | 1.26 | 1.25 | 1.25 | 1.26 | 1.25 | 1.25 | 2.40 | 1.70 | 1.71 | 1.56 | 1.52 | 1.52 | 1.64 | 1.62 |
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, derived from the provided data, has exhibited some fluctuations over the observed periods. The current ratio is a measure of a company's ability to meet its short-term obligations using its current assets, with a higher ratio indicating a stronger liquidity position.
From November 2019 to August 2021, the current ratio generally demonstrated a positive trend, increasing from 1.62 to 2.40. This suggests an improving ability to cover current liabilities with current assets during this period, reflecting a favorable liquidity position.
However, from November 2021 to November 2024, the current ratio fluctuated within a narrower range, varying between 1.20 and 1.26. The ratio dropped to 1.20 by November 2023, indicating a potential weakening in liquidity due to a decrease in current assets relative to current liabilities.
Overall, Synnex Corporation's current ratio has slightly declined in the later periods, indicating a slight decrease in its ability to cover short-term obligations. It would be important to further assess the composition of current assets and liabilities to understand the underlying factors contributing to these fluctuations in the current ratio and to evaluate the company's overall financial health.
Peer comparison
Nov 30, 2024