Korn Ferry (KFY)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 941,005 | 736,797 | 620,836 | 562,209 | 844,024 | 771,898 | 593,900 | 639,784 | 978,070 | 846,505 | 725,391 | 649,304 | 850,778 | 694,128 | 553,109 | 542,786 | 689,244 | 563,708 | 464,423 | 424,637 |
| Short-term investments | US$ in thousands | 42,742 | 45,727 | 26,149 | 29,486 | 44,837 | 48,253 | 59,188 | 71,172 | 57,244 | 73,110 | 77,496 | 68,247 | 63,667 | 45,931 | 47,719 | 49,870 | 41,951 | 41,022 | 6,508 | 8,508 |
| Receivables | US$ in thousands | 541,014 | 589,717 | 592,208 | 592,333 | 569,601 | 628,693 | 670,408 | 637,061 | 590,260 | 603,346 | 608,141 | 512,921 | 448,733 | 448,448 | 435,393 | 375,157 | 397,165 | 472,261 | 458,263 | 432,758 |
| 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 |
| Quick ratio | 1.63 | 1.63 | 1.62 | 1.81 | 1.49 | 1.69 | 1.75 | 1.96 | 1.65 | 1.79 | 2.02 | 2.11 | 1.82 | 1.87 | 1.85 | 1.97 | 1.81 | 1.92 | 2.06 | 2.10 |
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 few quarters. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, has ranged between 1.49 and 2.11 over the past several quarters. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.
The quick ratio was relatively stable around 1.6 to 1.7 from April 2020 to April 2022, indicating a consistent ability to meet short-term obligations. There was a notable increase in the quick ratio to 2.02 in October 2021 and 2.11 in January 2022, suggesting a significant improvement in the company's liquidity position during that period.
However, the quick ratio decreased in the following quarters, reaching a low of 1.49 in April 2023, before recovering to 1.81 in July 2023. The quick ratio continued to fluctuate slightly between 1.49 and 1.81 from April 2023 to April 2024, showing some variability in the company's ability to cover its short-term liabilities with its quick assets.
Overall, while the quick ratio of Korn Ferry has shown some fluctuations, it has generally remained above 1 in most quarters, indicating a solid liquidity position and ability to meet short-term obligations with its liquid assets.
Peer comparison
Apr 30, 2024