Korn Ferry (KFY)
Cash ratio
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 941,005 | 844,024 | 978,070 | 850,778 | 689,244 |
| Short-term investments | US$ in thousands | 42,742 | 44,837 | 57,244 | 63,667 | 41,951 |
| Total current liabilities | US$ in thousands | 934,519 | 976,260 | 984,225 | 750,070 | 624,207 |
| Cash ratio | 1.05 | 0.91 | 1.05 | 1.22 | 1.17 |
April 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($941,005K
+ $42,742K)
÷ $934,519K
= 1.05
The cash ratio for Korn Ferry over the past five years has shown some fluctuations. In the most recent year, as of April 30, 2024, the cash ratio stands at 1.05, indicating that the company has $1.05 in cash and cash equivalents for every dollar of current liabilities. This ratio has increased from the prior year, suggesting that the company may have improved its liquidity position.
Comparing the current year's ratio to the ratios of the previous years, we can see some variability in Korn Ferry's cash position relative to its short-term obligations. The cash ratio was lowest in the year ending April 30, 2023, at 0.91, but has generally remained above 1.0 in other years, indicating a generally healthy liquidity position.
Overall, the fluctuation in Korn Ferry's cash ratio over the years may reflect changes in the company's cash management practices, operating performance, or economic conditions impacting its liquidity. It is important for investors and analysts to monitor these trends to assess the company's ability to meet its short-term obligations using its available cash resources.
Peer comparison
Apr 30, 2024