Korn Ferry (KFY)
Cash ratio
Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 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 | ||
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Cash and cash equivalents | US$ in thousands | 941,005 | 736,797 | 620,836 | 562,209 | 844,024 | 771,898 | 593,900 | 639,784 | 978,070 | 846,505 | 725,391 | 649,304 | 850,778 | 694,128 | 553,109 | 542,786 | 689,244 | 563,708 | 464,423 | 424,637 |
Short-term investments | US$ in thousands | 42,742 | 45,727 | 26,149 | 29,486 | 44,837 | 48,253 | 59,188 | 71,172 | 57,244 | 73,110 | 77,496 | 68,247 | 63,667 | 45,931 | 47,719 | 49,870 | 41,951 | 41,022 | 6,508 | 8,508 |
Total current liabilities | US$ in thousands | 934,519 | 842,641 | 764,119 | 655,791 | 976,260 | 856,347 | 755,175 | 686,054 | 984,225 | 851,151 | 697,069 | 583,538 | 750,070 | 635,410 | 558,911 | 491,331 | 624,207 | 560,391 | 450,465 | 411,653 |
Cash ratio | 1.05 | 0.93 | 0.85 | 0.90 | 0.91 | 0.96 | 0.86 | 1.04 | 1.05 | 1.08 | 1.15 | 1.23 | 1.22 | 1.16 | 1.07 | 1.21 | 1.17 | 1.08 | 1.05 | 1.05 |
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 of Korn Ferry has ranged from 0.85 to 1.23 over the past 20 quarters. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents alone. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on other current assets. Korn Ferry's cash ratio has generally been above 1, indicating a relatively healthy liquidity position. The trend shows some fluctuations but overall demonstrates a consistent ability to meet short-term obligations from cash reserves, reflecting a prudent approach to managing liquidity.
Peer comparison
Apr 30, 2024