Korn Ferry (KFY)
Current ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,557,320 | 1,482,450 | 1,415,480 | 1,674,160 | 1,544,710 | 1,421,540 | -551,002 | 1,638,670 | 1,613,430 | 1,480,360 | 1,497,290 | 1,759,970 | 1,667,750 | 1,549,240 | 1,366,930 | 1,487,130 | 1,315,590 | 1,170,890 | 1,093,280 | 1,237,080 |
| Total current liabilities | US$ in thousands | 817,757 | 717,783 | 658,018 | 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 |
| Current ratio | 1.90 | 2.07 | 2.15 | 1.79 | 1.83 | 1.86 | -0.84 | 1.68 | 1.88 | 1.96 | 2.18 | 1.79 | 1.96 | 2.22 | 2.34 | 1.98 | 2.07 | 2.09 | 2.23 | 1.98 |
January 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,557,320K ÷ $817,757K
= 1.90
The analysis of Korn Ferry's current ratio over the specified period reveals fluctuations that provide insights into the company's liquidity position. Starting from April 30, 2020, the current ratio was 1.98, indicating that the company's current assets comfortably exceeded its current liabilities. This trend continued with increases observed at subsequent periods, peaking at 2.34 on July 31, 2021, suggesting an improved liquidity buffer during that time.
Between October 31, 2021, and January 31, 2022, the ratio experienced a slight decline, reaching 1.96, which, although lower, still indicates a generally healthy liquidity position with assets sufficient to cover short-term obligations. However, subsequent periods show a downward trend, with the ratio falling to 1.68 on April 30, 2023, highlighting a tightening of liquidity margins.
A significant deviation is noted at July 31, 2023, where the current ratio drops to -0.84, suggesting a potential reporting anomaly or a substantial misstatement, as a negative current ratio is not typical under standard accounting principles. This anomaly warrants further investigation to determine its underlying cause.
Following this anomaly, the ratio recovers to 1.86 by October 31, 2023, and continues to stabilize at around 1.79 to 2.15 through early 2025, with the latest data point at January 31, 2025, at 1.90. Overall, the company maintains a current ratio generally within a healthy range, indicating adequate liquidity to meet short-term liabilities, despite periods of fluctuation and the notable anomaly in mid-2023.
Peer comparison
Jan 31, 2025