Korn Ferry (KFY)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,674,160 | 1,544,710 | 1,421,540 | 1,366,610 | 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 | 1,197,130 | 1,049,500 | 975,123 |
| 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 |
| Current ratio | 1.79 | 1.83 | 1.86 | 2.08 | 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 | 2.14 | 2.33 | 2.37 |
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 several quarters. As of April 30, 2024, the current ratio stands at 1.79, indicating that the company may have slightly lower liquidity compared to previous periods.
Looking back at historical data, we can observe that the current ratio has varied between 1.68 and 2.37 over the past two years. This variability suggests that Korn Ferry's short-term liquidity position has not remained constant and may be influenced by factors such as changes in current assets and liabilities.
While a current ratio above 1 generally indicates that the company has more current assets than current liabilities to cover its short-term obligations, a ratio closer to 2 or above may suggest stronger liquidity and ability to meet short-term financial commitments comfortably.
It is important for stakeholders to monitor Korn Ferry's current ratio closely to assess its liquidity risk and financial health, as changes in this ratio can provide insights into the company's ability to manage its current liabilities effectively.
Peer comparison
Apr 30, 2024