Synaptics Incorporated (SYNA)

Quick ratio

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Cash	US$ in thousands	391,500	876,900	924,700	824,000	836,300
Short-term investments	US$ in thousands	61,000	38,100	9,600	52,000	0
Receivables	US$ in thousands	130,300	143,600	165,200	323,300	228,300
Total current liabilities	US$ in thousands	270,900	277,200	260,100	463,400	786,700
Quick ratio		2.15	3.82	4.23	2.59	1.35

June 30, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($391,500K + $61,000K + $130,300K) ÷ $270,900K
= 2.15

The quick ratio of Synaptics Incorporated has exhibited notable fluctuations over the analyzed period from June 30, 2021, to June 30, 2025. As of June 30, 2021, the quick ratio stood at 1.35, indicating that the company's liquid assets were sufficient to cover its current liabilities with a comfortable margin. This ratio increased substantially by June 30, 2022, reaching 2.59, which reflects an enhanced liquidity position and a strong capability to meet short-term obligations without reliance on inventory sales.

The upward trend persisted into June 30, 2023, with the quick ratio rising further to 4.23. This significant increase suggests that Synaptics had accumulated a proportionally larger amount of liquid assets relative to its current liabilities, thereby strengthening its liquidity cushion. Such a high quick ratio typically indicates a conservative liquidity management approach, where the company maintains substantial liquid resources.

However, between June 30, 2023, and June 30, 2024, there was a slight decline in the quick ratio from 4.23 to 3.82. Although still indicating strong liquidity, this reduction could imply a gradual deployment of liquid assets, possibly in investments, acquisitions, or operational expenditures, or an increase in current liabilities.

The ratio decreased further to 2.15 by June 30, 2025. While this indicates a reduction in immediate liquidity relative to liabilities, it still maintains a ratio above 2, which is generally considered healthy and suggests that Synaptics remains capable of covering its short-term obligations without liquidity strain.

Overall, the company's quick ratio trend demonstrates a trajectory from a moderate liquidity position to a substantially stronger one through 2022 and 2023, followed by a normalization or adjustment phase in subsequent years. The ratios reflect prudent liquidity management, with the company maintaining ample liquid assets to ensure financial stability in the short term.