Korn Ferry (KFY)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,006,960 | 779,298 | 694,850 | 633,376 | 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 |
| Short-term investments | US$ in thousands | 36,388 | 40,658 | 40,658 | 40,626 | 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 |
| Receivables | US$ in thousands | 565,255 | 575,703 | 579,696 | 622,625 | 581,710 | 652,737 | 658,281 | 650,776 | 569,601 | 693,772 | 670,408 | 637,061 | 622,144 | 603,346 | 608,141 | 512,921 | 448,733 | 448,448 | 435,393 | 375,157 |
| 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 |
| Quick ratio | 1.68 | 1.71 | 1.83 | 1.97 | 1.68 | 1.70 | 1.71 | 1.89 | 1.49 | 1.77 | 1.75 | 1.96 | 1.68 | 1.79 | 2.02 | 2.11 | 1.82 | 1.87 | 1.85 | 1.97 |
April 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,006,960K
+ $36,388K
+ $565,255K)
÷ $955,598K
= 1.68
The analysis of Korn Ferry's quick ratio over the given period reveals a generally stable liquidity position with slight fluctuations. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets, excluding inventories.
Starting from July 31, 2020, the ratio was 1.97, indicating that the company held nearly twice the liquid assets necessary to cover short-term liabilities. Over the subsequent period, the ratio experienced a gradual decline, reaching a low of 1.49 on April 30, 2023. This decline suggests a gradual reduction in liquid assets relative to current liabilities but still maintained a comfortable liquidity cushion above 1. indicating that the company remained capable of satisfying its immediate obligations without relying on inventory sales.
Nevertheless, the quick ratio showed signs of recovery afterward, rising back to 1.89 by July 31, 2023. As of the latest data on October 31, 2024, the ratio stands at 1.83, illustrating a relatively stable liquidity profile within the range of approximately 1.5 to 2.0 over the analyzed period. This stability indicates consistent management of liquid assets relative to short-term liabilities, reflecting financial prudence.
Overall, the company's quick ratio has demonstrated resilience and maintained a generally sound liquidity position across the observed timeframe. While there were periods of minor decline, the ratio's fluctuations stayed within a range that suggests continued capacity to meet short-term liabilities using liquid assets without significant liquidity risk.
Peer comparison
Apr 30, 2025