Synnex Corporation (SNX)
Quick ratio
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,059,380 | 1,033,780 | 522,604 | 993,973 | 1,412,020 |
| Short-term investments | US$ in thousands | — | — | 17,222 | — | 152,656 |
| Receivables | US$ in thousands | 10,341,600 | 10,297,800 | 9,421,000 | 8,310,030 | 3,870,790 |
| Total current liabilities | US$ in thousands | 17,221,200 | 16,738,800 | 16,428,700 | 14,233,500 | 5,630,090 |
| Quick ratio | 0.66 | 0.68 | 0.61 | 0.65 | 0.97 |
November 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,059,380K
+ $—K
+ $10,341,600K)
÷ $17,221,200K
= 0.66
The quick ratio for Synnex Corporation has been declining over the past few years, falling from 0.97 in November 30, 2020 to 0.65 in November 30, 2021, further decreasing to 0.61 in November 30, 2022. However, there was a slight improvement in the quick ratio to 0.68 in November 30, 2023, before dropping again to 0.66 by November 30, 2024.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities with its current quick assets alone. The declining trend in Synnex Corporation's quick ratio could raise concerns about its liquidity position and ability to cover immediate financial obligations. Further analysis of the company's cash flow and working capital management may be warranted to assess its liquidity risk.
Peer comparison
Nov 30, 2024