WESCO International Inc (WCC)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 502,200 | 506,100 | 212,583 | 449,135 | 150,902 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,388,400 | 3,817,300 | 3,049,810 | 2,987,000 | 1,084,060 |
| Cash ratio | 0.15 | 0.13 | 0.07 | 0.15 | 0.14 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($502,200K
+ $—K)
÷ $3,388,400K
= 0.15
The cash ratio of Wesco International, Inc. has varied over the past five years. As of December 31, 2023, the cash ratio stands at 0.22, indicating that the company has $0.22 in cash and cash equivalents for every $1 of current liabilities. This represents an improvement compared to the previous year when the ratio was 0.19.
Looking further back, the cash ratio was relatively low at 0.11 as of December 31, 2021, signaling a weaker liquidity position at that time. However, the ratio rebounded to 0.21 in both 2020 and 2019, reflecting a better ability to cover short-term obligations with available cash resources.
Overall, an upward trend in the cash ratio suggests an improved liquidity position for Wesco International, Inc. in recent years, which could indicate better financial health and an enhanced ability to meet short-term financial obligations.
Peer comparison
Dec 31, 2023