MillerKnoll Inc (MLKN)
Quick ratio
| May 31, 2025 | May 31, 2024 | Jun 3, 2023 | May 31, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | — | 230,400 | 223,500 | 223,500 | 230,300 |
| Short-term investments | US$ in thousands | — | — | — | — | 7,700 |
| Receivables | US$ in thousands | — | 330,500 | 363,500 | 363,500 | 380,900 |
| Total current liabilities | US$ in thousands | — | 697,700 | 702,800 | 702,800 | 872,600 |
| Quick ratio | — | 0.80 | 0.84 | 0.84 | 0.71 |
May 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($—K
+ $—K
+ $—K)
÷ $—K
= —
The quick ratio for MillerKnoll Inc has demonstrated a trend of gradual improvement over the analyzed period. As of May 31, 2022, the quick ratio stood at 0.71, indicating that the company's liquid assets were insufficient to cover its current liabilities by 29%. By May 31, 2023, the ratio increased to 0.84, reflecting a more favorable liquidity position whereby approximately 84% of current liabilities could be covered with quick assets. This ratio remained stable through June 3, 2023, at 0.84, suggesting consistency in the company’s short-term liquidity during that period. By May 31, 2024, the ratio slightly decreased to 0.80, indicating a marginal reduction in liquidity buffer but still maintaining a position significantly improved from the prior year. The absence of data for May 31, 2025, precludes additional analysis for that period. Overall, the trend indicates an enhancement in MillerKnoll Inc's liquidity position in the near term, with quick assets progressively becoming more capable of covering immediate liabilities, though the ratio remains below 1.0, implying potential reliance on other sources of short-term funding or the need for continued improvement in liquid asset management.