Synaptics Incorporated (SYNA)

Current ratio

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Total current assets	US$ in thousands	751,900	1,162,300	1,272,000	1,403,400	1,179,700
Total current liabilities	US$ in thousands	270,900	277,200	260,100	463,400	786,700
Current ratio		2.78	4.19	4.89	3.03	1.50

June 30, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $751,900K ÷ $270,900K
= 2.78

The current ratio of Synaptics Incorporated has demonstrated a notable upward trend over the specified period from June 30, 2021, to June 30, 2025. As of June 30, 2021, the current ratio stood at 1.50, indicating that the company's current assets were 1.5 times its current liabilities, reflecting a relatively modest liquidity position. This ratio experienced a significant increase by June 30, 2022, reaching 3.03, which suggests an improvement in the company's ability to meet its short-term obligations with higher levels of current assets relative to current liabilities.

The upward trajectory continued into June 30, 2023, with the current ratio rising further to 4.89, indicating a very strong liquidity position and suggesting efficient management of current assets or a reduction in current liabilities. However, in the subsequent year, there was a slight decline to 4.19 by June 30, 2024, which, while still representing a robust liquidity position, indicates a decrease in current assets or an increase in current liabilities relative to the previous year.

By June 30, 2025, the current ratio further decreased to 2.78, yet it remained substantially above the generally accepted benchmark of 1.0, signifying that the company continues to maintain a comfortable liquidity buffer. Overall, the trend reflects a company that has moved from a moderate liquidity position toward an increasingly stronger one, albeit with some fluctuations. The high ratios in recent years may suggest conservative liquidity management or an accumulation of current assets that might not be immediately utilized. Nonetheless, the ratios indicate that Synaptics Incorporated has maintained sufficient short-term financial stability throughout this period.