Korn Ferry (KFY)
Current ratio
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,674,160 | 1,638,670 | 1,759,970 | 1,487,130 | 1,237,080 |
| Total current liabilities | US$ in thousands | 934,519 | 976,260 | 984,225 | 750,070 | 624,207 |
| Current ratio | 1.79 | 1.68 | 1.79 | 1.98 | 1.98 |
April 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,674,160K ÷ $934,519K
= 1.79
The current ratio of Korn Ferry has shown some fluctuations over the past five years, ranging from 1.68 to 1.98. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates a stronger liquidity position, as the company has more current assets to meet its short-term obligations.
In the most recent year, as of April 30, 2024, Korn Ferry had a current ratio of 1.79, which means that for every dollar of current liabilities, the company had $1.79 of current assets available to cover those obligations. This suggests a relatively stable liquidity position compared to the previous year.
It is worth noting that a current ratio of above 1 is generally seen as healthy, as it indicates that the company has sufficient current assets to cover its current liabilities. However, a very high current ratio could suggest that the company is not efficiently utilizing its current assets.
Overall, Korn Ferry's current ratio indicates a reasonably healthy liquidity position, which provides some assurance regarding the company's ability to meet its short-term financial obligations.
Peer comparison
Apr 30, 2024