WESCO International Inc (WCC)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 702,600 | 524,100 | 527,348 | 212,583 | 449,135 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,804,000 | 3,388,400 | 3,817,350 | 3,049,810 | 2,986,460 |
| Cash ratio | 0.18 | 0.15 | 0.14 | 0.07 | 0.15 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($702,600K
+ $—K)
÷ $3,804,000K
= 0.18
The cash ratio of WESCO International Inc has exhibited some variability over the years. As of December 31, 2020, the cash ratio stood at 0.15, indicating that the company had $0.15 of cash and cash equivalents for every $1 of current liabilities. This ratio decreased to 0.07 by December 31, 2021, signaling a lower ability to cover short-term obligations with cash on hand.
However, there was an improvement in the cash ratio to 0.14 by December 31, 2022, suggesting a better liquidity position compared to the previous year. The ratio remained relatively stable at 0.15 by December 31, 2023, indicating consistent liquidity management.
Notably, the cash ratio increased to 0.18 by December 31, 2024, demonstrating an enhanced ability to meet short-term liabilities with available cash resources. Overall, while there were fluctuations in the cash ratio over the years, the company managed to maintain a satisfactory level of liquidity to cover immediate financial obligations.
Peer comparison
Dec 31, 2024