Westinghouse Air Brake Technologies Corp (WAB)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,855,000 | 4,327,000 | 3,832,000 | 3,880,000 | 4,192,100 |
| Total current liabilities | US$ in thousands | 4,056,000 | 3,467,000 | 2,910,000 | 3,226,000 | 3,258,000 |
| Current ratio | 1.20 | 1.25 | 1.32 | 1.20 | 1.29 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,855,000K ÷ $4,056,000K
= 1.20
The current ratio of Westinghouse Air Brake Technologies Corp has fluctuated over the past five years, ranging from 1.20 to 1.32. A current ratio above 1 indicates that the company has more current assets than current liabilities, which generally signifies good liquidity.
Although the current ratio has been above 1 in all years, it has shown a slight downward trend from 1.32 in 2021 to 1.20 in 2020 and 2023. This may indicate a potential decrease in the company's ability to cover its short-term obligations with its current assets.
Overall, while the current ratio of Westinghouse Air Brake Technologies Corp remains above 1, implying liquidity, a decreasing trend in recent years suggests the importance of monitoring the company's ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023