Capri Holdings Ltd (CPRI)
Current ratio
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,608,000 | 1,918,000 | 1,990,000 | 1,920,000 | 1,870,000 | 2,084,000 | 2,085,000 | 2,081,000 | 1,891,000 | 2,072,000 | 1,672,000 | 1,707,000 | 1,546,000 | 1,493,000 | 1,634,000 | 1,489,000 | 1,894,000 | 1,781,000 | 1,895,000 | 1,710,000 |
| Total current liabilities | US$ in thousands | 1,695,000 | 1,815,000 | 1,244,000 | 1,448,000 | 1,450,000 | 1,559,000 | 1,278,000 | 1,614,000 | 1,566,000 | 1,752,000 | 1,520,000 | 1,562,000 | 1,621,000 | 1,594,000 | 1,581,000 | 1,589,000 | 1,401,000 | 2,305,000 | 1,803,000 | 1,668,000 |
| Current ratio | 0.95 | 1.06 | 1.60 | 1.33 | 1.29 | 1.34 | 1.63 | 1.29 | 1.21 | 1.18 | 1.10 | 1.09 | 0.95 | 0.94 | 1.03 | 0.94 | 1.35 | 0.77 | 1.05 | 1.03 |
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 shown fluctuations over the past few quarters. A current ratio below 1 indicates that the company may have difficulties meeting its short-term obligations with its current assets alone. On the other hand, a current ratio above 1 signifies that the company has more current assets than current liabilities.
In the most recent quarter, as of March 31, 2024, Capri Holdings Ltd's current ratio stood at 0.95, which is below 1, indicating a potential liquidity issue. It suggests that the company may be facing challenges in meeting its short-term financial obligations with its current assets.
The trend of the current ratio over the previous quarters shows variability, with ratios ranging from 0.77 to 1.63. The company experienced fluctuations in its ability to cover short-term liabilities with current assets during this period.
It is important for stakeholders to monitor Capri Holdings Ltd's current ratio closely to ensure that the company maintains a healthy liquidity position to meet its short-term obligations effectively. Management may need to assess and improve the company's current asset management and liquidity management strategies to achieve a more stable and sustainable current ratio in the future.
Peer comparison
Mar 31, 2024