Westinghouse Air Brake Technologies Corp (WAB)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,943,000 | 4,774,000 | 5,027,000 | 4,799,000 | 4,855,000 | 4,634,000 | 4,663,000 | 4,496,000 | 4,327,000 | 4,199,000 | 4,046,000 | 3,911,000 | 3,832,000 | 3,760,100 | 3,808,200 | 3,779,000 | 3,880,000 | 3,936,200 | 3,969,700 | 4,241,100 |
| Total current liabilities | US$ in thousands | 3,792,000 | 3,681,000 | 3,647,000 | 3,153,000 | 4,056,000 | 3,891,000 | 4,173,000 | 4,165,000 | 3,467,000 | 3,328,000 | 3,190,000 | 2,880,000 | 2,910,000 | 2,811,600 | 2,844,700 | 3,168,900 | 3,226,000 | 3,228,600 | 3,483,200 | 2,981,600 |
| Current ratio | 1.30 | 1.30 | 1.38 | 1.52 | 1.20 | 1.19 | 1.12 | 1.08 | 1.25 | 1.26 | 1.27 | 1.36 | 1.32 | 1.34 | 1.34 | 1.19 | 1.20 | 1.22 | 1.14 | 1.42 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,943,000K ÷ $3,792,000K
= 1.30
The current ratio of Westinghouse Air Brake Technologies Corp has fluctuated over the reporting period, ranging between 1.08 to 1.52. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A current ratio of 1 indicates that the company has just enough current assets to cover its current liabilities.
A higher current ratio generally indicates a stronger liquidity position, as it suggests the company has more current assets relative to its current liabilities. Conversely, a lower current ratio may signal potential liquidity issues if the company cannot easily meet its short-term obligations.
Westinghouse Air Brake Technologies Corp's current ratio experienced some variability but generally remained above the threshold of 1, indicating a sufficient level of liquidity to cover its short-term obligations. It is important to continue monitoring the current ratio to assess the company's liquidity position and ability to meet its short-term financial commitments.
Peer comparison
Dec 31, 2024