Westinghouse Air Brake Technologies Corp (WAB)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,943,000 | 4,855,000 | 4,327,000 | 3,832,000 | 3,880,000 |
| Total current liabilities | US$ in thousands | 3,792,000 | 4,056,000 | 3,467,000 | 2,910,000 | 3,226,000 |
| Current ratio | 1.30 | 1.20 | 1.25 | 1.32 | 1.20 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,943,000K ÷ $3,792,000K
= 1.30
Westinghouse Air Brake Technologies Corp's current ratio has shown fluctuation over the past five years. The current ratio was 1.20 as of December 31, 2020, indicating that the company had $1.20 in current assets for every $1 in current liabilities.
Subsequently, the current ratio increased to 1.32 by December 31, 2021, suggesting an improvement in the company's short-term liquidity position. However, by the end of 2022, the current ratio decreased to 1.25, indicating a slight decline in liquidity compared to the previous year.
As of December 31, 2023, the current ratio reverted back to 1.20, the same level as in 2020, which may raise some concerns about the company's ability to meet its short-term obligations. Nonetheless, by the end of 2024, the current ratio increased to 1.30, showing a slight improvement in liquidity compared to the prior year.
Overall, based on the trend analysis of Westinghouse Air Brake Technologies Corp's current ratio from 2020 to 2024, the company has experienced some fluctuations in its short-term liquidity position, with varying levels of ability to cover its current liabilities with current assets. Further examination of the company's financial health and operational efficiency would be required to provide a more in-depth assessment.
Peer comparison
Dec 31, 2024