MillerKnoll Inc (MLKN)
Cash ratio
| May 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 193,700 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0 | 7,700 |
| Total current liabilities | US$ in thousands | 703,800 | 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 |
| Cash ratio | 0.28 | 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 |
May 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($193,700K
+ $—K)
÷ $703,800K
= 0.28
The cash ratio of MillerKnoll Inc. experienced fluctuations over the analyzed period, reflecting its liquidity position and ability to meet short-term obligations solely with its cash and cash equivalents.
From May 31, 2022, to May 31, 2023, the cash ratio remained relatively stable, with values ranging narrowly between 0.26 and 0.32. The lowest recorded ratio was 0.26 on November 30, 2022, and December 3, 2022, indicating modest liquidity levels during that period. Conversely, the highest at 0.32 was observed on May 31, 2023, suggesting a slight improvement in immediate liquidity.
Between June 2023 and September 2023, the ratio maintained stability at approximately 0.31–0.32, illustrating consistent liquidity. Notably, the ratio increased slightly to 0.33 on February 29, 2024, maintaining that level into March 2024 and May 2024, which may indicate a marginal enhancement in cash holdings relative to current liabilities.
Subsequent periods showed minor decreases and stabilizations, with values mostly ranging around 0.31, until a decline to 0.25 was recorded on February 28, 2025. This decrease suggests a reduction in cash relative to current liabilities, possibly indicating heightened liquidity risk or increased utilization of cash resources. By May 31, 2025, the ratio recovered slightly to 0.28.
Overall, the cash ratio has demonstrated a relatively stable pattern around the 0.26 to 0.33 range over the observed period, reflecting modest liquidity levels typical for a company managing steady operations without excessive cash holdings. The slight fluctuations and occasional dips below 0.30 may warrant monitoring to ensure adequate liquidity management, particularly when approaching periods of reduced cash ratio.