Synaptics Incorporated (SYNA)

Current ratio

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Total current assets	US$ in thousands	1,162,300	1,272,000	1,403,400	1,179,700	1,077,600
Total current liabilities	US$ in thousands	277,200	260,100	463,400	786,700	244,100
Current ratio		4.19	4.89	3.03	1.50	4.41

June 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,162,300K ÷ $277,200K
= 4.19

The current ratio of Synaptics Incorporated has experienced fluctuations over the past five years. As of June 30, 2024, the current ratio stands at 4.19, showing a decline from the previous year's ratio of 4.89. This suggests that the company may have a slightly lower ability to cover its short-term obligations with its current assets compared to the previous year.

Looking back at the trend over the past five years, Synaptics' current ratio has varied significantly. The ratio was relatively low in June 30, 2021, at 1.50, indicating potential liquidity challenges and highlighting the importance of monitoring short-term financial health. Subsequently, there was a substantial improvement in the current ratio in June 30, 2022, which rose to 3.03, demonstrating a strengthened ability to meet short-term liabilities.

Although the current ratio decreased in 2024 compared to the previous year, it is important to note that the current ratio remains above 1 throughout the period, indicating that Synaptics has more than enough current assets to cover its current liabilities. However, investors and stakeholders should continue to monitor changes in the current ratio to assess the company's liquidity position and short-term financial stability.