H&R Block Inc (HRB)
Cash ratio
| Jun 30, 2024 | 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 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,053,330 | 794,617 | 321,014 | 426,990 | 986,975 | 909,075 | 264,455 | 322,824 | 885,015 | 1,041,740 | 336,250 | 891,739 | 934,251 | 280,249 | 208,956 | 2,598,570 | 2,661,910 | 192,340 | 245,312 | 607,668 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 11,200 | — | — | — |
| Total current liabilities | US$ in thousands | 977,328 | 1,243,560 | 745,587 | 792,786 | 938,782 | 1,115,580 | 645,833 | 790,223 | 998,813 | 1,692,880 | 1,171,440 | 752,969 | 1,163,080 | 691,483 | 552,603 | 765,958 | 1,575,620 | 1,337,620 | 1,263,960 | 732,969 |
| Cash ratio | 1.08 | 0.64 | 0.43 | 0.54 | 1.05 | 0.81 | 0.41 | 0.41 | 0.89 | 0.62 | 0.29 | 1.18 | 0.80 | 0.41 | 0.38 | 3.39 | 1.70 | 0.14 | 0.19 | 0.83 |
June 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,053,330K
+ $—K)
÷ $977,328K
= 1.08
The cash ratio of H&R Block Inc has fluctuated over the past several quarters, indicating variations in the company's ability to cover its short-term liabilities with cash and cash equivalents.
The ratio was relatively stable around 0.4 to 0.6 from Dec 31, 2021, to Mar 31, 2023, suggesting that the company had enough cash on hand to meet its short-term obligations during this period. A notable increase in the cash ratio to 1.05 on Jun 30, 2023, followed by a further rise to 1.08 on Sep 30, 2024, may indicate an improvement in the company's liquidity position or a more conservative cash management approach.
However, the cash ratio significantly spiked to 3.39 on Jul 31, 2020, reflecting a substantial increase in the level of cash relative to current liabilities. This could be a result of specific events such as asset sales, debt repayments, or a temporary surplus in cash reserves. Conversely, the ratio dropped to 0.14 on Oct 31, 2019, which might indicate a temporary strain on the company's liquidity.
Overall, fluctuations in the cash ratio of H&R Block Inc suggest varying levels of liquidity and the need to closely monitor the company's cash management practices to ensure it can meet its short-term obligations effectively.
Peer comparison
Jun 30, 2024