John Wiley & Sons (WLY)
Cash ratio
| Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 83,249 | 93,100 | 83,218 | 75,144 | 106,714 | 126,449 | 118,423 | 104,495 | 100,397 | 109,444 | 100,898 | 82,982 | 93,795 | 91,321 | 86,063 | 101,385 | 202,464 | 117,355 | 107,744 | 104,025 |
| Short-term investments | US$ in thousands | — | 2,500 | 4,800 | 7,200 | 6,400 | 500 | 1,300 | 1,300 | 900 | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 873,282 | 712,139 | 610,250 | 705,939 | 895,553 | 760,969 | 634,577 | 780,744 | 969,419 | 821,481 | 644,509 | 763,101 | 988,972 | 842,076 | 634,736 | 716,136 | 927,269 | 814,538 | 585,642 | 732,825 |
| Cash ratio | 0.10 | 0.13 | 0.14 | 0.12 | 0.13 | 0.17 | 0.19 | 0.14 | 0.10 | 0.13 | 0.16 | 0.11 | 0.09 | 0.11 | 0.14 | 0.14 | 0.22 | 0.14 | 0.18 | 0.14 |
April 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($83,249K
+ $—K)
÷ $873,282K
= 0.10
The cash ratio of John Wiley & Sons has shown fluctuations over the past two years, ranging from 0.09 to 0.22. The cash ratio 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 cover short-term obligations.
In the most recent quarter, the cash ratio was 0.10, which suggests that the company has $0.10 in cash and cash equivalents for every $1 of current liabilities. This indicates a relatively lower liquidity position compared to some previous quarters, such as January 2023 and July 2022, where the cash ratio was higher at 0.17 and 0.19, respectively.
The downward trend in the cash ratio since July 2022 may raise concerns about the company's ability to meet short-term obligations with its current cash holdings. However, it is important to consider other liquidity measures and the overall financial health of the company in conjunction with the cash ratio to obtain a comprehensive understanding of John Wiley & Sons' liquidity position.
Peer comparison
Apr 30, 2024