Current Ratio
since 2005
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Synopsys Inc. pages available for free this week:
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Enterprise Value to EBITDA (EV/EBITDA)
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Debt to Equity since 2005
- Total Asset Turnover since 2005
- Aggregate Accruals
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Calculation
Synopsys Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Oct 31, 2024 | = | ÷ | |||
| Oct 31, 2023 | = | ÷ | |||
| Oct 31, 2022 | = | ÷ | |||
| Oct 31, 2021 | = | ÷ | |||
| Oct 31, 2020 | = | ÷ | |||
| Oct 31, 2019 | = | ÷ | |||
| Oct 31, 2018 | = | ÷ | |||
| Oct 31, 2017 | = | ÷ | |||
| Oct 31, 2016 | = | ÷ | |||
| Oct 31, 2015 | = | ÷ | |||
| Oct 31, 2014 | = | ÷ | |||
| Oct 31, 2013 | = | ÷ | |||
| Oct 31, 2012 | = | ÷ | |||
| Oct 31, 2011 | = | ÷ | |||
| Oct 31, 2010 | = | ÷ | |||
| Oct 31, 2009 | = | ÷ | |||
| Oct 31, 2008 | = | ÷ | |||
| Oct 31, 2007 | = | ÷ | |||
| Oct 31, 2006 | = | ÷ | |||
| Oct 31, 2005 | = | ÷ |
Based on: 10-K (reporting date: 2024-10-31), 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31), 10-K (reporting date: 2012-10-31), 10-K (reporting date: 2011-10-31), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).
1 US$ in thousands
- Current Assets
- Current assets display a general upward trajectory over the period under review, increasing from approximately 947 million US dollars in 2005 to over 6.4 billion US dollars in 2024. Notable growth periods include a sharp rise between 2019 and 2020, where current assets surged from roughly 1.7 billion to 2.5 billion US dollars. Another significant jump is observed from 2023 to 2024, with current assets nearly doubling from 3.4 billion to approximately 6.5 billion US dollars. Despite some fluctuations, the overall trend is strongly positive, indicating improving liquidity and asset accumulation.
- Current Liabilities
- Current liabilities exhibit an increasing trend but at a generally slower pace compared to current assets. Starting at around 817 million US dollars in 2005, these liabilities reached roughly 2.7 billion US dollars in 2024. There are intermittent periods of volatility, such as a dip in 2009 and a peak around 2014 to 2016, followed by fluctuations through to 2024. The liabilities do not rise as steeply as current assets in the latter years, suggesting some improvement in the company's short-term obligation management relative to asset growth.
- Current Ratio
- The current ratio exhibits considerable variation across the years. It started at 1.16 in 2005, remained near or above 1 for most years, indicating adequate short-term liquidity, but showed periods below 1, such as in 2012 (0.91) and 2018 (0.73), which suggest potential liquidity constraints during those years. Recent years demonstrate a recovery and strengthening of liquidity, culminating in a significant increase to 2.44 in 2024. This sharp rise implies a notable improvement in the company's ability to cover its current liabilities with current assets, reflecting enhanced financial stability and liquidity management as of the latest year.
Comparison to Competitors
Synopsys Inc., current ratio, long-term trends, comparison to competitors
| Synopsys Inc. | Accenture PLC | Adobe Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Fair Isaac Corp. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Based on: 10-K (reporting date: 2024-10-31), 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31), 10-K (reporting date: 2012-10-31), 10-K (reporting date: 2011-10-31), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).
Comparison to Sector (Software & Services)
Synopsys Inc., current ratio, long-term trends, comparison to sector (software & services)
| Synopsys Inc. | Software & Services | |
|---|---|---|
| Oct 31, 2024 | ||
| Oct 31, 2023 | ||
| Oct 31, 2022 | ||
| Oct 31, 2021 | ||
| Oct 31, 2020 | ||
| Oct 31, 2019 | ||
| Oct 31, 2018 | ||
| Oct 31, 2017 | ||
| Oct 31, 2016 | ||
| Oct 31, 2015 | ||
| Oct 31, 2014 | ||
| Oct 31, 2013 | ||
| Oct 31, 2012 | ||
| Oct 31, 2011 | ||
| Oct 31, 2010 | ||
| Oct 31, 2009 | ||
| Oct 31, 2008 | ||
| Oct 31, 2007 | ||
| Oct 31, 2006 | ||
| Oct 31, 2005 |
Based on: 10-K (reporting date: 2024-10-31), 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31), 10-K (reporting date: 2012-10-31), 10-K (reporting date: 2011-10-31), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).
Comparison to Industry (Information Technology)
Synopsys Inc., current ratio, long-term trends, comparison to industry (information technology)
| Synopsys Inc. | Information Technology | |
|---|---|---|
| Oct 31, 2024 | ||
| Oct 31, 2023 | ||
| Oct 31, 2022 | ||
| Oct 31, 2021 | ||
| Oct 31, 2020 | ||
| Oct 31, 2019 | ||
| Oct 31, 2018 | ||
| Oct 31, 2017 | ||
| Oct 31, 2016 | ||
| Oct 31, 2015 | ||
| Oct 31, 2014 | ||
| Oct 31, 2013 | ||
| Oct 31, 2012 | ||
| Oct 31, 2011 | ||
| Oct 31, 2010 | ||
| Oct 31, 2009 | ||
| Oct 31, 2008 | ||
| Oct 31, 2007 | ||
| Oct 31, 2006 | ||
| Oct 31, 2005 |
Based on: 10-K (reporting date: 2024-10-31), 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31), 10-K (reporting date: 2012-10-31), 10-K (reporting date: 2011-10-31), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).