MillerKnoll Inc (MLKN)

The analysis of MillerKnoll Inc's current ratio over the specified periods indicates variability in the company's short-term liquidity position. As of May 31, 2022, the current ratio stood at 1.50, suggesting that the company had $1.50 in current assets for every dollar of current liabilities, thereby reflecting a moderate liquidity cushion. By May 31, 2023, the current ratio increased to 1.67, which signifies an improved ability to meet short-term obligations, potentially due to either an increase in current assets or a reduction in current liabilities. This ratio remained stable at 1.67 on June 3, 2023, implying consistency in the company's liquidity position during this period.

However, by May 31, 2024, the current ratio declined slightly to 1.53, indicating a marginal reduction in liquidity cushion compared to the previous year. Despite this decrease, the ratio remains above 1.50, suggesting that the company still maintains a sufficient excess of current assets over current liabilities, although the improvement observed in 2023 appears to be reversing slightly. The absence of data for May 31, 2025, precludes further analysis for that period.

Overall, the trend demonstrates that MillerKnoll Inc has maintained a relatively stable current ratio across the analyzed periods, with a peak observed in mid-2023. The ratios consistently indicate that the company generally maintains adequate liquidity to meet its short-term obligations, albeit with some fluctuations that warrant ongoing monitoring to ensure liquidity remains robust.