H&R Block Inc (HRB)
Quick 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 | 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 | — | — | — |
| Receivables | US$ in thousands | 69,075 | 346,784 | 397,453 | 60,330 | 59,987 | 249,150 | 328,616 | 61,035 | 58,447 | 261,602 | 301,055 | 56,829 | 197,876 | 563,089 | 71,253 | 97,222 | 133,197 | 819,946 | 74,710 | 76,128 |
| 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 |
| Quick ratio | 1.15 | 0.92 | 0.96 | 0.61 | 1.12 | 1.04 | 0.92 | 0.49 | 0.94 | 0.77 | 0.54 | 1.26 | 0.97 | 1.22 | 0.51 | 3.52 | 1.78 | 0.76 | 0.25 | 0.93 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,053,330K
+ $—K
+ $69,075K)
÷ $977,328K
= 1.15
The quick ratio of H&R Block Inc has fluctuated over the period analyzed. The quick ratio provides insight into the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.
From the data provided:
- The quick ratio was consistently above 1 from Dec 31, 2021, to Sep 30, 2022, indicating a healthy liquidity position during that period.
- However, there was a significant drop in the quick ratio in the following quarters, notably from Sep 30, 2022, to Mar 31, 2023, and then again from Dec 31, 2023, to Mar 31, 2024.
- The lowest quick ratio was observed on Jul 31, 2020, indicating potential liquidity challenges during that period.
Overall, the quick ratio of H&R Block Inc fluctuated significantly over the period, suggesting varying levels of liquidity and the need for a closer examination of the company's short-term liquidity management strategies. Further analysis of the company's current assets composition and potential cash flow fluctuations might provide additional insights into its liquidity position.
Peer comparison
Jun 30, 2024