H&R Block Inc (HRB)
Cash ratio
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | Jun 30, 2021 | Apr 30, 2021 | Mar 31, 2021 | Jan 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 983,277 | 789,690 | 341,524 | 439,017 | 1,075,190 | 812,695 | 338,224 | 457,560 | 1,015,320 | 934,345 | 292,188 | 431,374 | 1,050,710 | 1,177,050 | 459,936 | 1,030,810 | 1,062,920 | 934,251 | 1,062,920 | 280,249 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,298,610 | 1,589,800 | 1,059,360 | 795,885 | 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 | 1,163,080 | 1,163,080 | 691,483 |
| Cash ratio | 0.76 | 0.50 | 0.32 | 0.55 | 1.10 | 0.65 | 0.45 | 0.58 | 1.08 | 0.84 | 0.45 | 0.55 | 1.05 | 0.70 | 0.39 | 1.37 | 0.91 | 0.80 | 0.91 | 0.41 |
June 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($983,277K
+ $—K)
÷ $1,298,610K
= 0.76
The cash ratio of H&R Block Inc. exhibits notable fluctuations over the period under review. At the outset, the ratio was 0.41 as of January 31, 2021, indicating that the company's cash and cash equivalents covered approximately 41% of its current liabilities at that time. This ratio experienced a significant increase during the subsequent quarter, reaching 0.91 by March 31, 2021, suggesting an improvement in liquidity position, which was maintained at 0.80 as of April 30, 2021. The ratio remained steady at 0.91 through June 30, 2021, reflecting a consistent short-term liquidity stance during this period.
A further increase was observed by September 30, 2021, where the cash ratio peaked at 1.37, surpassing the one-to-one threshold, indicating a robust liquidity level with cash and equivalents exceeding current liabilities. However, this high point was not sustained, as the ratio sharply declined to 0.39 by December 31, 2021. Subsequently, the cash ratio trended upward again, reaching 0.70 at the end of March 2022 and surpassing it with 1.05 in June 2022, highlighting periods of strengthened liquidity.
Between mid-2022 and late 2022, the ratio displayed variability, decreasing to 0.55 by September 2022 and down to 0.45 as of December 2022. During the first half of 2023, the ratio increased once more, hitting 0.84 in March and further rising to 1.08 by June 2023. However, it declined again to 0.58 in September 2023 and further diminished to 0.45 by the end of December 2023.
In the subsequent quarters, the cash ratio showed an upward trajectory, reaching 0.65 in March 2024 and peaking at 1.10 in June 2024. This was followed by a decline to 0.55 in September 2024 and an additional decrease to 0.32 in December 2024. The first half of 2025 saw a recovery, with the ratio increasing to 0.50 in March and further to 0.76 in June.
Overall, H&R Block's cash ratio over the analyzed period demonstrates periods of both liquidity strength and relative tightening. The ratios frequently fluctuated around the 0.4 to 0.9 range, with occasional peaks above 1.0, indicating moments when the company maintained sufficient cash reserves to cover its current liabilities more than once. These variations suggest a management approach that balances cash holdings with operational needs, reflecting periods of strategic liquidity positioning in response to seasonal or operational factors.
Peer comparison
Jun 30, 2025