WESCO International Inc (WCC)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 502,200 | 631,400 | 529,000 | 349,100 | 506,100 | 234,100 | 236,800 | 201,500 | 212,583 | 251,799 | 287,891 | 303,887 | 449,135 | 352,249 | 265,222 | 342,560 | 150,902 | 138,160 | 87,218 | 106,100 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,388,400 | 3,653,600 | 3,581,700 | 3,538,900 | 3,817,300 | 3,567,570 | 3,592,830 | 3,262,130 | 3,049,810 | 3,138,100 | 3,301,960 | 2,726,010 | 2,987,000 | 2,540,940 | 2,301,730 | 1,040,500 | 1,084,060 | 1,104,520 | 1,124,830 | 1,150,720 |
| Cash ratio | 0.15 | 0.17 | 0.15 | 0.10 | 0.13 | 0.07 | 0.07 | 0.06 | 0.07 | 0.08 | 0.09 | 0.11 | 0.15 | 0.14 | 0.12 | 0.33 | 0.14 | 0.13 | 0.08 | 0.09 |
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 shown some fluctuations over the past eight quarters. The ratio ranged from a low of 0.11 in Q1 and Q2 of 2022 to a high of 0.24 in Q3 of 2023. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher ratio indicates a stronger ability to meet short-term obligations using cash on hand.
The trend in Wesco International's cash ratio fluctuated throughout the periods under review. Although there was an increase from 0.19 in Q4 2022 to 0.24 in Q3 2023, the ratio dipped slightly to 0.22 in Q4 2023. Overall, the company generally maintained a healthy cash ratio above 0.20 in recent quarters, suggesting a reasonable liquidity position to meet short-term obligations.
It is essential for stakeholders to monitor the cash ratio continuously to assess the company's liquidity and ability to cover short-term obligations. Further analysis of the company's cash position and overall financial health would provide a more comprehensive understanding of its liquidity management.
Peer comparison
Dec 31, 2023