Synaptics Incorporated (SYNA)
Cash ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 876,900 | 924,700 | 824,000 | 836,300 | 763,400 |
| Short-term investments | US$ in thousands | 0 | 9,600 | 52,000 | 0 | — |
| Total current liabilities | US$ in thousands | 277,200 | 260,100 | 463,400 | 786,700 | 244,100 |
| Cash ratio | 3.16 | 3.59 | 1.89 | 1.06 | 3.13 |
June 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($876,900K
+ $0K)
÷ $277,200K
= 3.16
The cash ratio of Synaptics Incorporated has displayed fluctuating trends over the past five years, ranging from a low of 1.06 in June 2021 to a high of 3.59 in June 2023. The cash ratio measures the company's ability to cover its short-term obligations with its readily available cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position and the ability to meet short-term liabilities more comfortably.
In June 2024, the cash ratio decreased to 3.16 from the previous year, which may suggest a slight decline in the company's liquidity position compared to June 2023. However, the cash ratio remains relatively high, indicating that Synaptics Incorporated continues to maintain a healthy level of cash reserves relative to its short-term obligations.
Overall, while the cash ratio has experienced fluctuations over the years, Synaptics Incorporated has generally demonstrated a strong ability to meet its short-term commitments with its cash holdings. Investors and analysts may consider monitoring the trend of the cash ratio to assess the company's liquidity management and financial health.
Peer comparison
Jun 30, 2024