Korn Ferry (KFY)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 396,946 | 396,755 | 396,565 | 396,379 | 396,194 | 396,011 | 395,831 | 395,653 | 395,477 | 395,303 | 395,132 | 394,962 | 394,794 | 394,629 | 394,465 | 394,303 | 394,144 | 393,986 | 273,310 | 223,094 |
| Total assets | US$ in thousands | 3,678,870 | 3,556,320 | 3,360,960 | 3,313,470 | 3,574,440 | 3,406,190 | 3,261,740 | 3,204,080 | 3,464,550 | 3,336,100 | 3,117,490 | 2,942,480 | 3,056,530 | 2,863,470 | 2,692,640 | 2,618,100 | 2,743,830 | 2,739,650 | 2,486,280 | 2,406,560 |
| Debt-to-assets ratio | 0.11 | 0.11 | 0.12 | 0.12 | 0.11 | 0.12 | 0.12 | 0.12 | 0.11 | 0.12 | 0.13 | 0.13 | 0.13 | 0.14 | 0.15 | 0.15 | 0.14 | 0.14 | 0.11 | 0.09 |
April 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $396,946K ÷ $3,678,870K
= 0.11
The debt-to-assets ratio of Korn Ferry has shown relatively consistent levels over the past few years, ranging between 0.09 and 0.15. This ratio compares the company's total debt to its total assets, indicating the proportion of assets financed by debt.
The ratio has generally remained low, indicating that Korn Ferry has maintained a conservative approach to debt financing relative to its asset base. A lower debt-to-assets ratio suggests lower financial risk and greater financial stability, as the company relies less on debt to fund its operations and investments.
Although there has been some fluctuation in the ratio over the periods analyzed, the overall trend suggests a stable and prudent financial strategy with a moderate level of debt relative to assets. It is important to monitor this ratio over time to assess any significant changes in the company's capital structure and financial health.
Peer comparison
Apr 30, 2024