Synaptics Incorporated (SYNA)

Quick 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
Cash	US$ in thousands	876,900	828,100	846,100	801,300	924,700	898,000	818,800	867,800	824,000	690,300	502,800	347,300	836,300	756,200	309,900	180,200	763,400	472,100	424,800	350,800
Short-term investments	US$ in thousands	0	500	2,600	23,100	9,600	35,900	40,100	44,000	52,000	64,600	71,100	—	0	—	7,000	63,700	—	—	—	—
Receivables	US$ in thousands	142,400	144,700	126,600	111,200	163,900	218,200	255,000	284,100	322,100	298,300	312,200	269,700	228,300	233,700	249,300	227,800	195,300	238,400	246,400	232,200
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
Quick ratio		3.68	4.61	3.85	3.81	4.22	4.28	3.72	3.27	2.59	2.68	2.43	2.03	1.35	3.59	2.51	1.83	3.93	2.97	2.80	2.36

June 30, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($876,900K + $0K + $142,400K) ÷ $277,200K
= 3.68

The quick ratio of Synaptics Incorporated has shown fluctuations over the periods analyzed. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A higher quick ratio suggests a stronger liquidity position.

In the most recent quarter, Jun 30, 2024, Synaptics had a quick ratio of 3.68, indicating that the company had $3.68 in liquid assets available to cover each $1 of current liabilities. This ratio increased from the previous quarter, which is generally a positive sign.

Looking back over the past few quarters, the quick ratio has generally been above 2. This indicates that Synaptics has generally maintained a comfortable liquidity position, with more than enough liquid assets to cover its short-term obligations.

It is worth noting that the quick ratio dipped to 1.35 in the first quarter of 2021 but has since recovered and shown consistent improvement. This may indicate that Synaptics has taken steps to strengthen its liquidity position and manage its short-term obligations more effectively.

Overall, the trend in Synaptics' quick ratio suggests that the company has been able to maintain a strong liquidity position in recent periods, which is a positive indicator of its financial health and ability to meet its short-term commitments.