Synaptics Incorporated (SYNA)

Quick 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
Cash	US$ in thousands	391,500	360,400	596,100	853,600	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
Short-term investments	US$ in thousands	61,000	61,000	11,100	33,000	38,100	500	2,600	23,100	9,600	35,900	40,100	44,000	52,000	64,600	71,100	—	—	—	7,000	63,700
Receivables	US$ in thousands	130,300	132,000	146,500	135,800	143,600	145,900	127,800	119,400	165,200	219,400	256,300	285,500	323,300	298,300	312,200	228,300	228,300	233,700	249,300	227,800
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
Quick ratio		2.15	2.24	3.28	4.03	3.82	4.62	3.86	3.84	4.23	4.29	3.73	3.28	2.59	2.68	2.43	1.90	1.35	3.59	2.51	1.83

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 analysis of Synaptics Incorporated's quick ratio over the period from September 30, 2020, to June 30, 2025, reveals a generally strong liquidity position with some fluctuations.

Initially, in September 2020, the quick ratio stood at 1.83, indicating that the company's liquid assets were sufficient to cover its current liabilities almost twice over. The ratio experienced a significant increase through the subsequent quarters, reaching a peak of 4.62 by March 31, 2024. This upward trend suggests an improvement in liquid assets relative to short-term liabilities, reflecting enhanced liquidity management, possible reduction in current liabilities, or conservation of liquid assets.

Between March 2024 and June 2025, the quick ratio experienced a decline from 4.62 to 2.15, though it remained above the generally accepted benchmark of 1, which indicates that Synaptics continued to maintain solid short-term liquidity. The decrease may be attributed to an increase in current liabilities, a reduction in liquid assets, or a combination of both, but the company continued to have a comfortable buffer for immediate obligations.

Overall, Synaptics' quick ratio demonstrates a trajectory of strong liquidity with periods of peak ratios exceeding 4.0, suggestive of prudent liquidity management or conservative asset allocation. The ratios' fluctuations highlight responsiveness to operational and financial dynamics, but the ratios consistently remain well above the critical threshold, indicating a resilient liquidity profile.