H&R Block Inc (HRB)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,239,480 | 1,265,350 | 898,885 | 631,840 | 1,187,490 | 1,302,820 | 775,855 | 724,438 | 1,384,460 | 1,868,040 | 1,239,600 | 1,495,750 | 1,699,720 | 1,220,640 | 592,913 | 2,997,340 | 3,086,740 | 1,301,960 | 601,412 | 946,705 |
| 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 |
| Current ratio | 1.27 | 1.02 | 1.21 | 0.80 | 1.26 | 1.17 | 1.20 | 0.92 | 1.39 | 1.10 | 1.06 | 1.99 | 1.46 | 1.77 | 1.07 | 3.91 | 1.96 | 0.97 | 0.48 | 1.29 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,239,480K ÷ $977,328K
= 1.27
The current ratio of H&R Block Inc has shown fluctuations over the past few quarters. The current ratio measures a company's ability to cover its short-term obligations with its short-term assets. A current ratio above 1 indicates that a company has more current assets than current liabilities, which is generally considered favorable.
In the most recent quarter, as of June 30, 2024, H&R Block Inc's current ratio was 1.27, demonstrating that the company's current assets could cover its current liabilities. This signifies a relatively healthy liquidity position.
However, the current ratio has varied significantly in recent quarters, with the ratio dipping to 0.80 as of September 30, 2023, which could indicate potential liquidity challenges. This fluctuation may be a result of changes in the company's asset and liability composition or operational challenges during these periods.
It is important for investors and stakeholders to monitor H&R Block Inc's current ratio over time to assess its liquidity and short-term financial health. Further analysis and investigation into the company's financial performance and management of working capital may provide additional insights into the factors influencing these fluctuations in the current ratio.
Peer comparison
Jun 30, 2024