Korn Ferry (KFY)
Cash ratio
| Apr 30, 2025 | Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,006,960 | 941,005 | 844,024 | 978,070 | 850,778 |
| Short-term investments | US$ in thousands | 36,388 | 42,742 | 44,837 | 57,244 | 63,667 |
| Total current liabilities | US$ in thousands | 955,598 | 934,519 | 976,260 | 984,225 | 750,070 |
| Cash ratio | 1.09 | 1.05 | 0.91 | 1.05 | 1.22 |
April 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,006,960K
+ $36,388K)
÷ $955,598K
= 1.09
The cash ratio of Korn Ferry over the period from April 30, 2021, to April 30, 2025, demonstrates notable fluctuations, reflecting changes in short-term liquidity positioning.
As of April 30, 2021, the cash ratio stood at 1.22, indicating that the company's cash and cash equivalents exceeded its current liabilities, providing a strong liquidity cushion. By April 30, 2022, the ratio decreased to 1.05, suggesting a modest reduction in liquidity but still maintaining a comfortable buffer.
The trend continued into April 30, 2023, with the cash ratio declining further to 0.91, falling below the benchmark of 1.0. This decline indicates that at this point, Korn Ferry's cash and cash equivalents no longer fully covered its current liabilities, potentially signaling a tightening of liquidity during that period.
Subsequently, by April 30, 2024, the cash ratio rebounded to 1.05, surpassing the threshold of 1.0 and implying an improved liquidity position where cash reserves once again exceeded short-term obligations. The increase persisted into April 30, 2025, reaching 1.09, further consolidating this improved liquidity stance.
Overall, the cash ratio trend illustrates a dip below 1.0 in 2023, suggesting a temporary reduction in liquidity, but the subsequent recovery indicates a stabilization and strengthening of Korn Ferry’s short-term liquidity profile. The fluctuations reflect responsive adjustments in cash holdings relative to current liabilities over the analyzed period.
Peer comparison
Apr 30, 2025