Synaptics Incorporated (SYNA)
Cash ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 391,500 | 876,900 | 924,700 | 824,000 | 836,300 |
| Short-term investments | US$ in thousands | 61,000 | 38,100 | 9,600 | 52,000 | 0 |
| Total current liabilities | US$ in thousands | 270,900 | 277,200 | 260,100 | 463,400 | 786,700 |
| Cash ratio | 1.67 | 3.30 | 3.59 | 1.89 | 1.06 |
June 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($391,500K
+ $61,000K)
÷ $270,900K
= 1.67
The cash ratio for Synaptics Incorporated demonstrates a significant upward trend over the reported period from June 30, 2021, to June 30, 2025. Specifically, the ratio increased from 1.06 in 2021 to 1.89 in 2022, reflecting an improvement in the company's liquidity position, whereby cash and cash equivalents exceeded its current liabilities by almost double in 2022 compared to slightly just over parity in 2021.
The upward trajectory continues sharply through 2023, with the cash ratio reaching 3.59. This indicates that the company held enough liquid assets to cover its current liabilities approximately three and a half times over, signifying a robust liquidity cushion that reduces short-term solvency risk and suggests a conservative cash management stance or a strategic accumulation of liquid assets.
In 2024, the ratio slightly decreased to 3.30 but remained significantly high, maintaining a strong liquidity position. The ratio then declines further to 1.67 in 2025, yet it still remains well above 1.0, which is generally regarded as a baseline indicator that the company retains sufficient cash to meet its short-term obligations without relying on liquidating other assets.
Overall, the trend indicates Synaptics Incorporated has been progressively strengthening its liquidity position over the analyzed period. The fluctuations suggest periods of cash accumulation and management adjustments, but the maintained ratios above unity throughout the period reflect a consistent capacity to meet immediate liabilities with liquid assets, potentially signifying a cautious approach to liquidity management or strategic reserve building.
Peer comparison
Jun 30, 2025