John Wiley & Sons (WLY)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 454,042 | 384,002 | 425,569 | 477,778 | 541,279 | 531,166 | 482,994 | 500,770 | 550,866 | 491,570 | 500,466 | 478,689 | 526,297 | 495,710 | 477,297 | 488,003 | 614,927 | 533,090 | 447,168 | 491,183 |
| 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 |
| Current ratio | 0.52 | 0.54 | 0.70 | 0.68 | 0.60 | 0.70 | 0.76 | 0.64 | 0.57 | 0.60 | 0.78 | 0.63 | 0.53 | 0.59 | 0.75 | 0.68 | 0.66 | 0.65 | 0.76 | 0.67 |
April 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $454,042K ÷ $873,282K
= 0.52
The current ratio of John Wiley & Sons has shown fluctuations over the past few years, ranging from a low of 0.52 to a high of 0.78. The current ratio is a measure of a company's ability to cover its short-term obligations with its current assets. A current ratio below 1 typically indicates that a company may have difficulty meeting its short-term liabilities.
Looking at the trend, the current ratio has generally been below 1, suggesting that John Wiley & Sons may have faced challenges in meeting its short-term obligations with its current assets. The ratios have ranged between 0.52 and 0.78, indicating some variability in the company's liquidity position over the time period analyzed.
The current ratio reached its peak at 0.78 in October 2021, indicating a relatively stronger liquidity position at that point in time. However, it decreased to 0.52 in April 2024, reflecting a potential decrease in the company's ability to cover its short-term obligations with its current assets.
Overall, the current ratio trend for John Wiley & Sons shows some inconsistency, with fluctuations observed over the periods analyzed. It is important for the company to closely monitor its liquidity position and work towards maintaining a healthy balance between current assets and liabilities to ensure financial stability and meet its short-term obligations effectively.
Peer comparison
Apr 30, 2024