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
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

Company name
Symbol
Cash ratio
Korn Ferry
KFY
1.05
Heidrick & Struggles International
HSII
1.09