Capri Holdings Ltd (CPRI)
Cash ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | — | 199,000 | 249,000 | 169,000 | 232,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,336,000 | 1,695,000 | 1,450,000 | 1,566,000 | 1,621,000 |
| Cash ratio | 0.00 | 0.12 | 0.17 | 0.11 | 0.14 |
March 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($—K
+ $—K)
÷ $1,336,000K
= 0.00
The cash ratio of Capri Holdings Ltd has fluctuated over the past five years. As of March 31, 2021, the company had a cash ratio of 0.14, indicating that it had $0.14 in cash and cash equivalents for every $1 of current liabilities. This ratio decreased to 0.11 by March 31, 2022, suggesting a slight decrease in the company's liquidity position.
However, by March 31, 2023, the cash ratio improved to 0.17, signaling an increase in the company's ability to cover its short-term obligations with cash on hand. The ratio then declined to 0.12 by March 31, 2024, indicating a decrease in liquidity compared to the previous year.
Remarkably, as of March 31, 2025, the cash ratio plummeted to 0.00, implying that the company did not have sufficient cash and cash equivalents to meet its current liabilities. This significant drop in the cash ratio could raise concerns about the company's liquidity and its ability to meet its short-term obligations in the upcoming period.
Peer comparison
Mar 31, 2025