MillerKnoll Inc (MLKN)
Cash ratio
| May 31, 2025 | May 31, 2024 | Jun 3, 2023 | May 31, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | — | 230,400 | 223,500 | 223,500 | 230,300 |
| Short-term investments | US$ in thousands | — | — | — | — | 7,700 |
| Total current liabilities | US$ in thousands | — | 697,700 | 702,800 | 702,800 | 872,600 |
| Cash ratio | — | 0.33 | 0.32 | 0.32 | 0.27 |
May 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($—K
+ $—K)
÷ $—K
= —
The cash ratio of MillerKnoll Inc exhibited a gradual upward trend over the specified periods. As of May 31, 2022, the cash ratio stood at 0.27, indicating that the company's cash and cash equivalents covered approximately 27% of its current liabilities. By May 31, 2023, this ratio increased modestly to 0.32, reflecting an improvement in liquidity position and an increased proportion of available cash relative to current obligations. The subsequent data points from June 3, 2023, and May 31, 2024, show the ratio maintaining at 0.32 and then rising slightly to 0.33, respectively, suggesting a continued but slow strengthening of cash holdings relative to current liabilities. The projected or subsequent data point for May 31, 2025, is unspecified, denoted by a dash, indicating no available data for that period. Overall, the trend indicates a gradual enhancement in MillerKnoll Inc's liquidity buffer, with the cash ratio approaching closer to 0.33, which, although still below 1, indicates a conservative level of cash relative to short-term obligations.