Korn Ferry (KFY)
Quick ratio
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 941,005 | 844,024 | 978,070 | 850,778 | 689,244 |
| Short-term investments | US$ in thousands | 42,742 | 44,837 | 57,244 | 63,667 | 41,951 |
| Receivables | US$ in thousands | 541,014 | 569,601 | 590,260 | 448,733 | 397,165 |
| Total current liabilities | US$ in thousands | 934,519 | 976,260 | 984,225 | 750,070 | 624,207 |
| Quick ratio | 1.63 | 1.49 | 1.65 | 1.82 | 1.81 |
April 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($941,005K
+ $42,742K
+ $541,014K)
÷ $934,519K
= 1.63
The quick ratio of Korn Ferry has shown some fluctuations over the past five years. The quick ratio measures the company's ability to cover its short-term liabilities with its most liquid assets.
In April 2024, the quick ratio stood at 1.63, indicating that the company had $1.63 in liquid assets available to cover each dollar of its short-term liabilities. This represented an improvement compared to the previous year when the quick ratio was 1.49.
Looking further back, the quick ratio was 1.65 in April 2022, 1.82 in April 2021, and 1.81 in April 2020. The decreasing trend between 2021 and 2023 may raise some concerns about the company's ability to meet its short-term obligations with its current level of liquid assets. However, the slight increase in 2024 suggests that the company may have taken steps to improve its liquidity position.
Overall, while the quick ratio of Korn Ferry has fluctuated over the past five years, it appears to have remained above the threshold of 1, indicating that the company has generally been able to meet its short-term liabilities with its liquid assets.
Peer comparison
Apr 30, 2024