The company maintains a conservative financial profile with a debt-to-equity ratio of 0.28, supported by a significant cash reserve of $1.1 billion as of 2026Q4.
| Metric | Apr'26 | Apr'25 | Apr'24 | Apr'23 | Apr'22 | Apr'21 | Apr'20 | Apr'19 | Apr'18 | Apr'17 | Apr'16 | Apr'15 | Apr'14 | Apr'13 | Apr'12 | Apr'11 | Apr'10 | Apr'09 | Apr'08 | Apr'07 | Apr'06 | Apr'05 | Apr'04 | Apr'03 | Apr'02 | Apr'01 | Apr'00 | Apr'99 | Apr'98 |
|---|
| Total Current Assets | 1.91B | 1.75B | 1.67B | 1.64B | 1.76B | 1.49B | 1.24B | 1.14B | 1.01B | 843.67M | 664.27M | 640.99M | 561.95M | 447.1M | 500.07M | 441.6M | 386.45M | 371.6M | 526.27M | 464.76M | 394.5M | 304.47M | 182.71M | 161.63M | 171.9M | 226.4M | 267.84M | 207.8M | 99.9M |
| Cash & Short-Term Investments | 1.13B | 1.04B | 983.75M | 888.86M | 1.04B | 914.45M | 731.2M | 634.65M | 535.14M | 415.25M | 284.59M | 406.6M | 343.28M | 244.41M | 322.94M | 267.72M | 223.35M | 259.26M | 368.79M | 324.27M | 278.2M | 206.95M | 108.1M | 82.69M | 66.13M | 104.86M | 146.95M | 113.7M | 32.4M |
| Cash Only | 1.1B | 1.01B | 941M | 844.02M | 978.07M | 850.78M | 689.24M | 626.36M | 520.85M | 410.88M | 273.25M | 380.84M | 333.72M | 224.07M | 282M | 246.86M | 219.23M | 255M | 318.92M | 289.11M | 257.54M | 199.13M | 108.1M | 82.69M | 66.13M | 88.46M | 86.97M | 113.7M | 32.4M |
| Short-Term Investments | 38.91M | 36.39M | 42.74M | 44.84M | 57.24M | 63.67M | 41.95M | 8.29M | 14.29M | 4.36M | 11.34M | 25.76M | 9.57M | 20.35M | 40.94M | 20.87M | 4.11M | 4.26M | 49.87M | 35.16M | 20.65M | 7.82M | 0 | 0 | 0 | 16.4M | 59.98M | 0 | 0 |
| Accounts Receivable | 573.35M | 603.65M | 581.71M | 637.11M | 622.14M | 488.76M | 435.92M | 431.62M | 414.08M | 376.89M | 336.55M | 199.51M | 184.23M | 170.45M | 138.48M | 134M | 113.51M | 76.31M | 127.02M | 114.11M | 92.61M | 74.95M | 58.26M | 59.38M | 85.1M | 100.61M | 101.51M | 66.5M | 61.3M |
| Days Sales Outstanding | 71.21 | 79.8 | 75.95 | 81.2 | 85.9 | 98.02 | 80.47 | 79.81 | 83.07 | 84.83 | 91.22 | 68.31 | 67.54 | 73.22 | 61.14 | 63.01 | 69.09 | 41.19 | 55.48 | 60.43 | 61.27 | 57.42 | 60.64 | 64.04 | 78.86 | 57.71 | 75.99 | 68.16 | 74.33 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 198.27M | 103.14M | 108.7M | 112.69M | 102.51M | 83.93M | 69.97M | 70.54M | 65.03M | 51.54M | 43.13M | 34.88M | 34.44M | 32.23M | 38.65M | 39.88M | 49.6M | 36.02M | 10.4M | 9.52M | 9.67M | 8.86M | 9.32M | 9.16M | 10.34M | 8.82M | 19.38M | 27.6M | 6.2M |
| Total Non-Current Assets | 2.16B | 2.11B | 2B | 1.94B | 1.7B | 1.57B | 1.51B | 1.2B | 1.27B | 1.22B | 1.23B | 676.82M | 672.2M | 668.63M | 515.13M | 530.6M | 441.18M | 390.77M | 367.75M | 297.28M | 241.55M | 199.39M | 211.97M | 207.38M | 205.68M | 273.93M | 208.16M | 96.3M | 76.5M |
| Property, Plant & Equipment | 390.63M | 326.32M | 322.31M | 304.57M | 305.91M | 305.9M | 337.81M | 131.5M | 119.9M | 109.57M | 95.44M | 62.09M | 60.43M | 53.63M | 49.81M | 43.14M | 24.96M | 27.97M | 32.46M | 26M | 20.53M | 18.29M | 19.6M | 27.7M | 40.25M | 54.99M | 35.81M | 21.1M | 21.1M |
| Fixed Asset Turnover | 7.52x | 8.46x | 8.67x | 9.40x | 8.64x | 5.95x | 5.85x | 15.01x | 15.18x | 14.80x | 14.11x | 17.17x | 16.47x | 15.84x | 16.60x | 17.99x | 24.02x | 24.17x | 25.74x | 26.51x | 26.87x | 26.05x | 17.89x | 12.22x | 9.79x | 11.57x | 13.61x | 16.88x | 14.27x |
| Goodwill | 950.64M | 948.83M | 908.38M | 909.49M | 725.59M | 626.67M | 613.94M | 578.3M | 584.22M | 576.87M | 590.07M | 254.44M | 257.58M | 257.29M | 176.34M | 183.95M | 172.27M | 133.33M | 142.7M | 124.27M | 109.48M | 107.01M | 0 | 94.73M | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 45.86M | 70.19M | 88.83M | 114.43M | 89.77M | 92.95M | 111.93M | 82.95M | 203.22M | 217.32M | 233.03M | 47.9M | 49.56M | 58.19M | 20.41M | 22.29M | 25.43M | 16.93M | 15.52M | 18.04M | 0 | 0 | 98.48M | 220K | 396K | 128.07M | 96.64M | 3.6M | 3M |
| Long-Term Investments | 31.8M | 233.63M | 232.73M | 203.63M | 197.05M | 207.12M | 161.67M | 132.46M | 122.79M | 115.57M | 130.09M | 118.82M | 125.48M | 149.94M | 132.93M | 145.29M | 89.17M | 70.99M | 14.29M | 9.93M | 0 | 0 | 7.67M | 0 | 2.67M | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 626.67M | 387.55M | 318.89M | 301.6M | 301.55M | 263.65M | 225.92M | 229.61M | 218M | 179.72M | 158.54M | 137.55M | 124.1M | 111.35M | 0 | 0 | 0 | -45.14M | -47.13M | 0 | 8.11M | 8.46M | 58.87M | 60.83M | 55.22M | 65.93M | 75.7M | 71.6M | 52.4M |
| Total Assets | 4.06B | 3.86B | 3.68B | 3.57B | 3.46B | 3.06B | 2.74B | 2.33B | 2.29B | 2.06B | 1.9B | 1.32B | 1.23B | 1.12B | 1.02B | 972.2M | 827.63M | 762.37M | 894.02M | 762.04M | 636.05M | 503.86M | 394.69M | 369.01M | 377.57M | 500.33M | 475.99M | 304.1M | 176.4M |
| Asset Turnover | 0.72x | 0.72x | 0.76x | 0.80x | 0.76x | 0.60x | 0.72x | 0.85x | 0.80x | 0.79x | 0.71x | 0.81x | 0.81x | 0.76x | 0.81x | 0.80x | 0.72x | 0.89x | 0.93x | 0.90x | 0.87x | 0.95x | 0.89x | 0.92x | 1.04x | 1.27x | 1.02x | 1.17x | 1.71x |
| Asset Growth % | 5.27% | 4.96% | 2.92% | 3.17% | 13.35% | 11.4% | 17.52% | 2.05% | 10.91% | 8.65% | 44.07% | 6.78% | 10.61% | 9.9% | 4.42% | 17.47% | 8.56% | -14.73% | 17.32% | 19.81% | 26.24% | 27.66% | 6.96% | -2.27% | -24.53% | 5.11% | 56.53% | 72.39% | - |
| Total Current Liabilities | 982.01M | 955.6M | 934.52M | 976.26M | 984.23M | 750.07M | 624.21M | 550.96M | 558.46M | 458.58M | 476.26M | 306.01M | 286.93M | 268.55M | 215.31M | 233.87M | 198.08M | 173.35M | 272.46M | 229.49M | 176.29M | 158.4M | 94.42M | 88.96M | 146.28M | 171.19M | 184.79M | 91.7M | 73.3M |
| Accounts Payable | 49.68M | 58.88M | 50.11M | 53.39M | 50.93M | 44.99M | 45.68M | 39.16M | 35.2M | 37.48M | 26.63M | 19.24M | 19.38M | 19.46M | 14.67M | 12.5M | 11.15M | 10.28M | 15.31M | 10.38M | 9.73M | 7.2M | 8.68M | 8.65M | 8.32M | 12.94M | 11.9M | 10.4M | 3.7M |
| Days Payables Outstanding | 8.29 | 68 | 54.95 | 73 | 141.76 | 11.9 | 127.79 | 115.9 | 101.99 | 107.19 | 84.96 | 90.48 | 94.08 | 107.87 | 95.79 | 88.17 | 97.85 | 75.99 | 10.35 | 8.47 | - | - | - | - | - | 12.67 | 15.2 | 17.47 | 7.11 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24.91M | 19.75M | 30M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.1M | 51.82M | 11.83M | 16.15M | 1.4M | 2.6M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 113M | 114.69M | 95.8M | 95.9M | 40.5M | 36.8M | 33.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.16M | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 932.33M | 0 | 524.05M | 531.56M | 0 | 0 | 280.91M | 49.05M | 55.64M | 52.66M | 49.12M | 25.52M | 25.71M | 49.49M | 37.53M | 43.59M | 49.06M | 44.3M | 37.12M | 38.53M | 27.54M | 28.79M | 60.96M | 66.05M | 49.11M | 114.22M | 156.75M | 79.9M | 67M |
| Current Ratio | 1.94x | 1.83x | 1.79x | 1.68x | 1.79x | 1.98x | 1.98x | 2.06x | 1.82x | 1.84x | 1.39x | 2.09x | 1.96x | 1.66x | 2.32x | 1.89x | 1.95x | 2.14x | 1.93x | 2.03x | 2.24x | 1.92x | 1.94x | 1.82x | 1.18x | 1.32x | 1.45x | 2.27x | 1.36x |
| Quick Ratio | 1.94x | 1.83x | 1.79x | 1.68x | 1.79x | 1.98x | 1.98x | 2.06x | 1.82x | 1.84x | 1.39x | 2.09x | 1.96x | 1.66x | 2.32x | 1.89x | 1.95x | 2.14x | 1.93x | 2.03x | 2.24x | 1.92x | 1.94x | 1.82x | 1.18x | 1.32x | 1.45x | 2.27x | 1.36x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 1.1B | 1.03B | 1.01B | 945.18M | 930.73M | 937.68M | 895.93M | 540.51M | 509.84M | 517.27M | 375.03M | 196.54M | 191.2M | 182.21M | 169.9M | 159.48M | 137.67M | 129.38M | 124.88M | 99.05M | 135.45M | 91.98M | 119.39M | 113.6M | 51.99M | 55.68M | 56.76M | 37.7M | 42.4M |
| Long-Term Debt | 398.56M | 397.74M | 396.95M | 396.19M | 395.48M | 394.79M | 394.14M | 222.88M | 211.31M | 236.22M | 110M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 56.14M | 55.74M | 44.4M | 41.36M | 1.63M | 11.84M | 16.92M | 2.4M | 6.2M |
| Capital Lease Obligations | 164.9M | 131.76M | 145.83M | 122.27M | 152.87M | 157.3M | 180.77M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 5.72M | 5.98M | 4.54M | 5.35M | 2.71M | 3.83M | 1.06M | 1.1M | 9.11M | 7.01M | 5.09M | 0 | 0 | 0 | 0 | 0 | 0 | 20.95M | 13.26M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 534.68M | 498.01M | 459.71M | 421.36M | 379.67M | 381.76M | 319.96M | 316.53M | 289.42M | 274.03M | 259.95M | 196.54M | 191.2M | 182.21M | 169.9M | 159.48M | 137.67M | 108.43M | 111.62M | 99.05M | 79.31M | 36.24M | 74.99M | 72.23M | 50.36M | 43.84M | 39.84M | 35.3M | 36.2M |
| Total Liabilities | 2.09B | 1.99B | 1.94B | 1.92B | 1.91B | 1.69B | 1.52B | 1.09B | 1.07B | 975.85M | 907.85M | 502.55M | 478.13M | 450.76M | 385.21M | 393.34M | 335.76M | 281.78M | 384.08M | 328.54M | 311.74M | 281.27M | 213.8M | 202.56M | 198.28M | 226.88M | 241.55M | 129.4M | 115.7M |
| Total Debt | 563.46M | 568.07M | 580.27M | 565.66M | 595.3M | 598.78M | 629.76M | 222.88M | 236.22M | 255.98M | 140M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45.15M | 44.95M | 44.4M | 46.46M | 53.45M | 23.72M | 33.06M | 3.8M | 8.8M |
| Net Debt | -531.98M | -438.89M | -360.74M | -278.36M | -382.77M | -252M | -59.48M | -403.48M | -284.63M | -154.91M | -133.25M | -380.84M | -333.72M | -224.07M | -282M | -246.86M | -219.23M | -255M | -318.92M | -289.11M | -212.4M | -154.18M | -63.7M | -36.22M | -12.68M | -64.74M | -53.91M | -109.9M | -23.6M |
| Debt / Equity | 0.28x | 0.30x | 0.33x | 0.34x | 0.38x | 0.44x | 0.51x | 0.18x | 0.19x | 0.24x | 0.13x | - | - | - | - | - | - | - | - | - | 0.14x | 0.18x | 0.25x | 0.28x | 0.30x | 0.09x | 0.14x | 0.02x | 0.14x |
| Debt / EBITDA | 1.19x | 1.33x | 1.61x | 1.32x | 1.12x | 2.75x | 2.72x | 1.19x | 0.92x | 1.53x | 1.57x | - | - | - | - | - | - | - | - | - | 0.53x | 0.59x | 1.72x | 7.55x | - | 0.29x | 0.53x | 0.09x | 0.38x |
| Net Debt / EBITDA | -1.12x | -1.02x | -1.00x | -0.65x | -0.72x | -1.16x | -0.26x | -2.15x | -1.11x | -0.92x | -1.50x | -2.69x | -2.83x | -3.56x | -2.91x | -2.51x | -25.00x | -16.65x | -3.12x | -3.16x | -2.49x | -2.04x | -2.47x | -5.89x | - | -0.78x | -0.86x | -2.50x | -1.02x |
| Interest Coverage | 18.74x | 17.94x | 11.62x | 12.43x | 18.12x | 6.59x | 7.80x | 8.95x | 15.90x | 8.67x | - | 69.22x | 40.33x | 21.22x | 46.12x | 36.39x | 6.85x | 8.44x | 19.09x | 8.09x | 7.44x | 6.29x | 2.46x | 0.28x | -1.46x | - | - | - | - |
| Total Equity | 1.98B | 1.87B | 1.74B | 1.65B | 1.55B | 1.37B | 1.22B | 1.24B | 1.22B | 1.09B | 1.05B | 815.25M | 755.54M | 664.47M | 629.48M | 578.34M | 491.34M | 459.1M | 496.13M | 432.95M | 323.75M | 252.9M | 180.88M | 166.46M | 179.3M | 273.45M | 234.44M | 174.7M | 60.7M |
| Equity Growth % | 5.7% | 7.76% | 5.1% | 6.67% | 13.21% | 11.86% | -1.58% | 1.95% | 12.2% | 3.8% | 28.46% | 7.9% | 13.71% | 5.56% | 8.84% | 17.71% | 7.02% | -7.46% | 14.59% | 33.73% | 28.01% | 39.82% | 8.67% | -7.16% | -34.43% | 16.64% | 34.2% | 187.81% | - |
| Book Value per Share | 37.68 | 35.45 | 33.78 | 31.86 | 29.02 | 25.63 | 22.34 | 22.17 | 21.68 | 19.10 | 19.79 | 16.38 | 15.37 | 13.88 | 13.32 | 12.50 | 10.81 | 10.55 | 10.90 | 9.22 | 6.85 | 5.47 | 4.49 | 4.43 | 4.78 | 7.11 | 6.22 | 6.24 | 2.55 |
| Total Shareholders' Equity | 1.97B | 1.87B | 1.73B | 1.65B | 1.54B | 1.37B | 1.22B | 1.24B | 1.22B | 1.08B | 1.05B | 815.25M | 755.54M | 664.47M | 629.99M | 578.86M | 491.34M | 459.1M | 496.13M | 432.95M | 323.75M | 252.9M | 180.88M | 166.46M | 179.3M | 270.17M | 231.22M | 172.7M | 58.7M |
| Common Stock | 284.37M | 364.43M | 414.88M | 429.75M | 502.01M | 583.26M | 585.56M | 656.46M | 683.94M | 692.53M | 702.1M | 463.84M | 449.63M | 431.51M | 420M | 404.7M | 388.72M | 368.43M | 358.57M | 400.13M | 344.29M | 330.75M | 307M | 302.02M | 301.49M | 296.07M | 283.28M | 0 | 0 |
| Retained Earnings | 1.76B | 1.59B | 1.43B | 1.31B | 1.13B | 834.95M | 742.99M | 660.85M | 572.8M | 461.98M | 401.11M | 392.03M | 308.78M | 236.09M | 202.8M | 148.49M | 90.22M | 84.92M | 95.01M | 32.34M | -23.15M | -82.58M | -121.2M | -126.61M | -102.85M | -4.6M | -35.62M | -2.4M | 2.6M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -72.83M | -86.24M | -107.67M | -92.76M | -92.19M | -51.82M | -107.17M | -76.65M | -40.13M | -71.06M | -57.91M | -40.62M | -2.39M | -2.63M | 7.19M | 25.66M | 12.93M | 6.29M | 42.55M | 485K | 2.62M | 4.74M | -4.92M | -8.96M | -19.34M | -21.3M | -16.44M | -24.6M | -17.6M |
| Minority Interest | 6.3M | 5.68M | 4.27M | 4.93M | 5.24M | 2.39M | 2.31M | 2.73M | 3.01M | 3.61M | 2M | 0 | 0 | 0 | -510K | -520K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.29M | 3.22M | 2M | 2M |
Cyclical working capital volatility
According to recent financial disclosures, Korn Ferry has expanded its total asset base to $4.1 billion by 2026Q4, a notable increase from $3.6 billion in 2024Q3, which suggests a strategic accumulation of resources despite the broader cooling of the white-collar hiring environment.
The growth in total assets appears to be driven primarily by a significant buildup in cash and equivalents rather than aggressive capital expenditure on property or equipment. This trajectory indicates that management is prioritizing balance sheet flexibility, likely to buffer against potential cyclical downturns or to fund future inorganic growth opportunities.
As reported in quarterly filings, Korn Ferry maintains a stable debt-to-equity ratio of 0.28 as of 2026Q4, reflecting a disciplined approach to capital structure that keeps leverage well below the levels observed in more capital-intensive staffing peers like ManpowerGroup.
The firm's consistent debt profile suggests that management is not relying on external financing to fund operations, which provides a significant margin of safety during periods of revenue volatility. Investors should monitor whether this conservative stance persists if the company decides to pursue larger, transformative acquisitions in the consulting space.
Based on the provided balance sheet data, Korn Ferry has bolstered its liquidity position significantly, with cash reserves reaching $1.1 billion in 2026Q4, up from $736.8 million in 2024Q3, providing a substantial buffer against potential shocks in the global talent market.
The current ratio of 1.94 indicates that the company is well-positioned to meet its short-term obligations without needing to tap into credit facilities. This liquidity profile appears to be a deliberate strategic choice, allowing the firm to maintain operational continuity even when working capital cycles become temporarily unfavorable.
Analysis of the balance sheet reveals that goodwill remains a significant component of total assets at $950.6 million, representing nearly 23% of the total asset base as of 2026Q4, which warrants careful monitoring for potential impairment risks if acquired consulting units underperform.
While the acquisition strategy has successfully diversified the revenue mix, the high concentration of intangible assets suggests that the company's book value is sensitive to the long-term success of its integration efforts. Investors should consider that any failure to realize synergies from these past acquisitions could lead to non-cash charges that would negatively impact the firm's equity position.
Quick answers to the most common questions about buying KFY stock.
As of 2026, Korn Ferry (KFY) had total assets of $4.06B including $1.91B in current assets.
Korn Ferry (KFY) carries total debt of $563.5M, offset by $1.13B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Korn Ferry (KFY) has total shareholders' equity (book value) of $1.97B ($37.68 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Korn Ferry (KFY) reported a current ratio of 1.94x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.