Korn Ferry (KFY)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,733,060 | 1,703,620 | 1,656,150 | 1,686,680 | 1,648,070 | 1,608,980 | 1,578,050 | 1,564,750 | 1,544,350 | 1,531,280 | 1,479,520 | 1,417,190 | 1,366,390 | 1,293,190 | 1,219,970 | 1,215,660 | 1,221,380 | 1,275,100 | 1,255,930 | 1,260,900 |
| Debt-to-equity ratio | 0.23 | 0.23 | 0.24 | 0.24 | 0.24 | 0.25 | 0.25 | 0.25 | 0.26 | 0.26 | 0.27 | 0.28 | 0.29 | 0.31 | 0.32 | 0.32 | 0.32 | 0.31 | 0.22 | 0.18 |
April 30, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $396,946K ÷ $1,733,060K
= 0.23
The debt-to-equity ratio of Korn Ferry has been relatively stable over the past few years, ranging between 0.18 and 0.32. The trend shows a slight increase from 0.22 in July 2019 to 0.32 in October 2020, before gradually decreasing to 0.23 in April 2024. This indicates that the company has been maintaining a conservative approach towards its capital structure, with a proportionally higher reliance on equity financing compared to debt.
The ratio being below 1 suggests that Korn Ferry has more equity than debt in its capital structure, which can be seen as a positive sign of financial health and stability. However, it's important to note that the optimal debt-to-equity ratio can vary by industry and company, so it's crucial to compare Korn Ferry's ratio with industry peers to assess its competitiveness and financial leverage position.
Peer comparison
Apr 30, 2024