Synaptics Incorporated (SYNA)

Current ratio

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020
Total current assets	US$ in thousands	751,900	712,600	890,500	1,139,900	1,162,300	1,122,500	1,147,400	1,108,600	1,272,000	1,334,300	1,324,000	1,411,800	1,403,400	1,247,200	1,074,700	749,400	1,179,700	1,090,800	671,600	620,000
Total current liabilities	US$ in thousands	270,900	247,500	229,800	253,900	277,200	210,900	253,300	245,500	260,100	268,900	299,300	365,300	463,400	393,000	365,200	303,500	786,700	276,100	225,500	257,500
Current ratio		2.78	2.88	3.88	4.49	4.19	5.32	4.53	4.52	4.89	4.96	4.42	3.86	3.03	3.17	2.94	2.47	1.50	3.95	2.98	2.41

June 30, 2025 calculation

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

The current ratio of Synaptics Incorporated exhibits notable fluctuations over the analyzed period, reflecting variations in the company's short-term liquidity position. Starting from a ratio of 2.41 as of September 30, 2020, the metric showed a steady upward trend, reaching a peak of 4.96 on March 31, 2023. This growth indicates an improving ability to meet short-term obligations with current assets, suggesting effective liquidity management during this period.

From the peak in early 2023, the current ratio experienced a gradual decline, falling to 2.88 by March 31, 2025. Despite this decrease, the ratio remains above 2.78, which generally signifies a healthy liquidity buffer, implying that the company continues to possess sufficient current assets relative to current liabilities.

Throughout the period, the ratio demonstrated periods of stabilization and minor fluctuations, with notable peaks around early 2023 and consistent levels above 3.0 in the subsequent years. The data indicates that Synaptics maintained a generally conservative liquidity position, with ratios well above the commonly accepted threshold of 1.0, minimizing the risk of liquidity shortages.

In summary, the company’s current ratio shows a trend of strengthening liquidity through much of 2020 to early 2023, followed by a modest decline that still reflects an adequately liquid position. The fluctuation patterns suggest prudent liquidity management, with the company's short-term financial health remaining stable throughout the covered period.