Capri Holdings Ltd (CPRI)
Current ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,608,000 | 1,870,000 | 1,891,000 | 1,546,000 | 1,894,000 |
| Total current liabilities | US$ in thousands | 1,695,000 | 1,450,000 | 1,566,000 | 1,621,000 | 1,401,000 |
| Current ratio | 0.95 | 1.29 | 1.21 | 0.95 | 1.35 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,608,000K ÷ $1,695,000K
= 0.95
The current ratio of Capri Holdings Ltd has fluctuated over the last five years. In fiscal year 2024, the company's current ratio is 0.95, which indicates that its current assets may not be sufficient to cover its current liabilities. This is slightly below the previous year's current ratio of 1.29, suggesting a deterioration in the company's short-term liquidity position.
Comparing to fiscal year 2022, where the current ratio was 1.21, the current ratio in 2024 is lower, signaling a potential decrease in the company's ability to meet its short-term obligations. Similarly, the current ratio in 2024 is also lower than the ratio in fiscal year 2021, which was 0.95. This suggests that Capri Holdings Ltd's liquidity position has weakened compared to three years ago.
However, when compared to fiscal year 2020, where the current ratio was 1.35, the current ratio in 2024 is lower, indicating a decline in the company's short-term liquidity. Overall, the decreasing trend in the current ratio over the last two years may raise concerns about Capri Holdings Ltd's ability to efficiently meet its short-term financial commitments with its current assets.
Peer comparison
Mar 31, 2024