Korn Ferry (KFY)
Current ratio
| Apr 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,750,140 | 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 |
| Total current liabilities | US$ in thousands | 955,598 | 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 |
| Current ratio | 1.83 | 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 |
April 30, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,750,140K ÷ $955,598K
= 1.83
The analysis of Korn Ferry’s current ratio over the specified period reveals notable fluctuations that reflect changes in the company's short-term liquidity position. The current ratio, which measures the company's ability to cover its current liabilities with its current assets, exhibits an overall trend characterized by initial stability followed by periods of decline, some reversal, and recent improvement.
From July 31, 2020, with a ratio of 2.23, the current ratio demonstrates a decreasing trend through subsequent periods, reaching a low of 1.68 on April 30, 2023. During this interval, the ratio declines gradually, indicating a weakening of short-term liquidity, as current assets relative to current liabilities diminish.
However, in July 31, 2023, an anomalous negative value of -0.84 occurs, suggesting potential data inconsistency or reporting issues. Excluding this anomaly, the ratio improves to 1.86 by October 31, 2023, and remains relatively stable, staying within a range of approximately 1.83 to 2.07 through April 2025.
Overall, the data indicates that Korn Ferry’s current ratio has experienced periods of decline from above 2.2 in mid-2020 to below 2.0, with a notable dip around April 2023. The recent ratios, generally between 1.83 and 2.07, suggest that the company maintains a moderate liquidity position, with current assets sufficiently covering current liabilities but not at overly conservative levels.
The fluctuations may reflect operational and financial management adjustments, seasonal variations, or changes in working capital strategies. The temporary dip below 2.0 toward April 2023 could imply a tighter liquidity position, while the subsequent rebound above 2.0 suggests efforts to bolster short-term asset coverage. The anomalous negative ratio in July 2023 warrants further review to confirm data accuracy.
In summary, the overall trend portrays Korn Ferry as a company with generally adequate short-term liquidity, with ratios mostly within a safe operating range, albeit with some periods indicating potential liquidity tightening. Continuous monitoring of future ratios will be necessary to assess ongoing liquidity health.
Peer comparison
Apr 30, 2025