H&R Block Inc (HRB)
Quick ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 983,277 | 1,075,190 | 1,015,320 | 1,050,710 | 934,251 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 63,621 | 69,075 | 95,897 | 261,285 | 531,242 |
| Total current liabilities | US$ in thousands | 1,298,610 | 977,328 | 938,782 | 998,813 | 1,163,080 |
| Quick ratio | 0.81 | 1.17 | 1.18 | 1.31 | 1.26 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($983,277K
+ $—K
+ $63,621K)
÷ $1,298,610K
= 0.81
The quick ratio of H&R Block Inc. has exhibited notable fluctuations over the analyzed period from June 30, 2021, to June 30, 2025. As of June 30, 2021, the company maintained a relatively strong liquidity position with a quick ratio of 1.26, indicating it had 1.26 dollars in liquid assets to cover each dollar of current liabilities. This ratio increased slightly to 1.31 by June 30, 2022, suggesting an improvement in liquidity and an increased ability to meet short-term obligations with liquid assets.
However, a subsequent decline is observed in the following years, with the quick ratio decreasing to 1.18 by June 30, 2023, and further slightly decreasing to 1.17 by June 30, 2024. These figures still reflect a generally healthy liquidity position, as a quick ratio above 1.0 typically indicates sufficient liquid assets to cover immediate liabilities, though the diminishing trend warrants attention.
By June 30, 2025, the quick ratio declines more significantly to 0.81, falling below the critical 1.0 threshold. This suggests a weakening liquidity position, with liquid assets potentially insufficient to fully cover current liabilities, which could imply increased liquidity risk or a strategic shift affecting liquid asset levels.
Overall, the trend demonstrates a gradual erosion of immediate liquidity over the four-year period, culminating in a more conservative financial stance by mid-2025. This decline may reflect operational, strategic, or market factors impacting liquid assets relative to short-term liabilities, necessitating ongoing monitoring to assess its implications for the company's financial stability.
Peer comparison
Jun 30, 2025