MillerKnoll Inc (MLKN)
Cash ratio
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Mar 2, 2024 | Feb 29, 2024 | Dec 2, 2023 | Nov 30, 2023 | Sep 2, 2023 | Aug 31, 2023 | Jun 3, 2023 | May 31, 2023 | Mar 4, 2023 | Feb 28, 2023 | Dec 3, 2022 | Nov 30, 2022 | Sep 3, 2022 | Aug 31, 2022 | May 31, 2022 | May 28, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 169,800 | 221,100 | 209,700 | 230,400 | 223,600 | 223,600 | 225,800 | 225,800 | 217,500 | 217,500 | 223,500 | 223,500 | 217,100 | 217,100 | 197,500 | 197,500 | 215,800 | 215,800 | 230,300 | 230,300 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0 | 7,700 | 7,700 |
| Total current liabilities | US$ in thousands | 683,100 | 703,700 | 675,700 | 697,700 | 680,500 | 680,500 | 713,800 | 713,800 | 704,500 | 704,500 | 702,800 | 702,800 | 733,200 | 733,200 | 773,200 | 773,200 | 773,000 | 773,000 | 877,400 | 877,400 |
| Cash ratio | 0.25 | 0.31 | 0.31 | 0.33 | 0.33 | 0.33 | 0.32 | 0.32 | 0.31 | 0.31 | 0.32 | 0.32 | 0.30 | 0.30 | 0.26 | 0.26 | 0.28 | 0.28 | 0.27 | 0.27 |
February 28, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($169,800K
+ $—K)
÷ $683,100K
= 0.25
The cash ratio is a liquidity ratio that measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.
Based on the data provided for MillerKnoll Inc, the company's cash ratio has fluctuated over the period. It started at 0.27 in May 2022 and remained relatively stable at this level until reaching 0.32 in May 2023. The ratio then hovered around 0.31 to 0.33 from November 2023 to May 2024 before dropping to 0.31 in August 2024. By the end of the reporting period in February 2025, the cash ratio decreased to 0.25.
Overall, the trend in MillerKnoll Inc's cash ratio shows some variability but generally indicates a moderate ability to cover its short-term obligations with cash and cash equivalents. It is essential for the company to monitor its liquidity position to ensure it can meet its financial obligations efficiently in the future.