Synopsys, Inc.

Synopsys, Inc.verified

SNPS

Price:

$463.97

Market Cap:

$71.27B

Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits. The company offers Fusion Design Platform that provides digital design implementation solutions; Verification Continuum Platform that provides virtual prototyping, static and formal verification, simulation, emulation, field programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions. It also provides intellectual property (IP) solutions for USB, PCI Express, DDR, Ethernet, SATA, MIPI, HDMI, and Bluetooth low energy applications; analog IP, including data converters and audio codecs; and syste...[Read more]

Industry

Software - Infrastructure

IPO Date

1992-02-26

Stock Exchange

NASDAQ

Ticker

SNPS

The Current Ratio as of September 2024 (TTM) for Synopsys, Inc. (SNPS) is 2.02

According to Synopsys, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.02. This represents a change of 28.11% compared to the average of 1.58 of the last 4 quarters.

Synopsys, Inc. (SNPS) Historical Current Ratio (quarterly & annually)

How has SNPS Current Ratio performed in the past?

The mean historical Current Ratio of Synopsys, Inc. over the last ten years is 1.04. The current 2.02 Current Ratio has changed 19.28% with respect to the historical average. Over the past ten years (40 quarters), SNPS's Current Ratio was at its highest in in the July 2024 quarter at 2.02. The Current Ratio was at its lowest in in the January 2018 quarter at 0.68.

Quarterly (TTM)
Annual

Average

1.04

Median

1.06

Minimum

0.73

Maximum

1.19

Synopsys, Inc. (SNPS) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Synopsys, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 35.13%

Maximum Annual Current Ratio = 1.19

Minimum Annual Increase = -29.56%

Minimum Annual Current Ratio = 0.73

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.155.83%
20221.09-6.68%
20211.16-2.32%
20201.1920.05%
20190.9935.13%
20180.73-29.56%
20171.044.12%
20161.001.05%
20150.99-8.69%
20141.09-8.36%

Synopsys, Inc. (SNPS) Average Current Ratio

How has SNPS Current Ratio performed in the past?

The current Current Ratio of Synopsys, Inc. (SNPS) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.13

5-year avg

1.12

10-year avg

1.04

Synopsys, Inc. (SNPS) Current Ratio vs. Peers

How is SNPS’s Current Ratio compared to its peers?

Synopsys, Inc.’s Current Ratio is greater than Zscaler, Inc. (1.04), greater than Palo Alto Networks, Inc. (0.84), greater than CrowdStrike Holdings, Inc. (1.81), greater than Okta, Inc. (1.83), less than Cloudflare, Inc. (3.51), less than MongoDB, Inc. (4.85), greater than Adobe Inc. (1.16), less than UiPath Inc. (3.47), greater than Nutanix, Inc. (1.06), greater than Splunk Inc. (1.57),

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