SNPSNEUTRAL

SNPS Quick Ratio Analysis

0.97x

Updated 219h ago·SEC filings & market data

Key Takeaway

The quick ratio measures a company’s ability to cover its short-term obligations using only its most liquid assets, such as cash and receivables, excluding inventory.

Sector Performance

68th percentile

SNPS

0.97x

Sector Median

0.71x

Sector Avg

3.04x

Prior Period

0.99x(Jun 2026)

↓ Declining

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Deep Analysis

The quick ratio measures a company’s ability to cover its short-term obligations using only its most liquid assets, such as cash and receivables, excluding inventory.

SNPS currently has 0.97x, meaning it has $0.97 in quick assets for every $1 of current liabilities. This is above the sector median of 0.72x and places the company in the 68th percentile among peers. The year-over-year change is not available, but the ratio declined 2.0% quarter-over-quarter from 0.99x to 0.97x. While the ratio remains above the sector median, the recent quarter-over-quarter decrease suggests a slight tightening of liquidity, though the level is still near 1.0x. This combination of a favorable level relative to peers with a mild downward trend points to manageable short-term liquidity risk rather than an immediate concern. Overall, the quick ratio supports the NEUTRAL verdict by showing no major weakness, and the minor decline does not contradict a neutral stance.

Frequently Asked Questions

What does the Quick Ratio tell investors about SNPS?

A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.

How is the Quick Ratio calculated?

Quick Ratio is calculated as: (Cash + Receivables) / Current Liabilities.

Who are SNPS's closest peers by Quick Ratio?

The closest peers by Quick Ratio include: EXR (0.16x), AWK (0.13x), NIO (0.13x), DRI (0.13x), SRE (0.11x).

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Learn More About Quick Ratio

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Working capital is more than current assets minus liabilities. Learn why working capital matters for liquidity, efficiency, and competitive advantage, with real data from AMZN, COST, HD, and XOM.

The Formula

(Cash + Receivables) / Current Liabilities

Why It Matters

A strict liquidity test. Values below 1.0 suggest a company may struggle to cover short-term obligations without selling inventory.