Synnex Corporation (SNX)

Quick ratio

		Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020	Nov 30, 2019
Cash	US$ in thousands	1,033,780	522,604	993,973	1,412,020	225,529
Short-term investments	US$ in thousands	—	17,222	—	152,656	—
Receivables	US$ in thousands	10,297,800	9,421,000	8,310,030	3,870,790	3,926,710
Total current liabilities	US$ in thousands	16,738,800	16,428,700	14,233,500	5,630,090	4,607,120
Quick ratio		0.68	0.61	0.65	0.97	0.90

November 30, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,033,780K + $—K + $10,297,800K) ÷ $16,738,800K
= 0.68

The quick ratio of TD Synnex Corp has shown fluctuations over the past five years, indicating changes in its ability to meet short-term liabilities with its most liquid assets.

The quick ratio decreased from 1.08 in 2020 to 0.77 in 2023, potentially indicating a reduced capacity to cover short-term obligations without relying on inventory. This trend may raise concerns regarding the company's short-term liquidity position.

However, it is important to note that the quick ratio has been relatively stable over the years, staying within the range of 0.70 to 1.08 since 2019. This suggests that despite the recent decrease, TD Synnex Corp has generally maintained a reasonable level of liquidity to meet short-term obligations.

Further analysis of the components contributing to the quick ratio, such as cash, marketable securities, and receivables, would provide more insight into the company's liquidity management.