John Wiley & Sons (WLY)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 224,198 | 161,009 | 147,253 | 153,392 | 310,121 | 283,654 | 260,026 | 281,443 | 331,960 | 267,988 | 291,891 | 284,579 | 311,571 | 278,939 | 273,264 | 282,412 | 309,384 | 301,521 | 235,466 | 281,055 |
| 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 |
| Quick ratio | 0.35 | 0.36 | 0.39 | 0.33 | 0.47 | 0.54 | 0.60 | 0.50 | 0.45 | 0.46 | 0.61 | 0.48 | 0.41 | 0.44 | 0.57 | 0.54 | 0.55 | 0.51 | 0.59 | 0.53 |
April 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($83,249K
+ $—K
+ $224,198K)
÷ $873,282K
= 0.35
The quick ratio of John Wiley & Sons has shown some fluctuations over the past few years. The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets.
Looking at the trend, we can observe that the quick ratio has ranged between 0.33 and 0.61 over the last few years. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its current liquid assets alone.
In the most recent period, the quick ratio stands at 0.35, indicating that John Wiley & Sons may face some challenges in meeting its short-term obligations solely with its quick assets.
It is important to monitor the trend of the quick ratio over time to assess the company's liquidity position and its ability to cover short-term liabilities without relying on selling inventory or raising additional funds. Further analysis and comparison with industry peers would provide more context to better understand the company's liquidity position.
Peer comparison
Apr 30, 2024