Synaptics Incorporated (SYNA)

Current ratio

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Total current assets	US$ in thousands	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	1,077,600	832,900	790,800	737,100
Total current liabilities	US$ in thousands	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	244,100	239,200	239,500	247,500
Current ratio		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	4.41	3.48	3.30	2.98

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 exhibited fluctuations over the past few quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates a stronger liquidity position.

Between December 2019 and September 2020, the current ratio fluctuated between 2.41 and 4.41, showing some variability in the company's liquidity position during this period. In March 2021, the current ratio decreased significantly to 1.50, which may have raised concerns about the company's ability to meet its short-term obligations.

However, there was a notable improvement in the current ratio from September 2021 to March 2024, where it ranged from 2.47 to 5.32. This upward trend suggests that Synaptics Incorporated improved its liquidity position and became more capable of covering its short-term liabilities with its current assets.

Overall, Synaptics Incorporated's current ratio has shown improvement in recent quarters, indicating a stronger ability to meet its short-term obligations. It is important for investors and stakeholders to monitor this ratio to assess the company's liquidity risk and financial health.