WESCO International Inc (WCC)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 8,391,600 | 8,611,400 | 8,583,400 | 8,448,100 | 8,330,500 | 7,897,090 | 7,606,480 | 6,878,970 | 6,350,110 | 6,215,500 | 5,995,750 | 5,575,140 | 5,506,980 | 5,597,450 | 5,438,390 | 2,777,480 | 2,540,410 | 2,578,480 | 2,584,860 | 2,513,750 |
| 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 |
| Current ratio | 2.48 | 2.36 | 2.40 | 2.39 | 2.18 | 2.21 | 2.12 | 2.11 | 2.08 | 1.98 | 1.82 | 2.05 | 1.84 | 2.20 | 2.36 | 2.67 | 2.34 | 2.33 | 2.30 | 2.18 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $8,391,600K ÷ $3,388,400K
= 2.48
The current ratio of Wesco International, Inc. has shown stability and improvement over the last eight quarters. The ratio has consistently been above 2, indicating that the company has more than enough current assets to cover its current liabilities.
In the most recent quarter, Q4 2023, the current ratio increased to 2.48 from 2.36 in Q3 2023. This suggests that the company's liquidity position strengthened, reflecting a healthier financial position.
Looking at the trend over the past year, Wesco International has managed its current assets and liabilities effectively, maintaining a current ratio above 2 in all quarters. This indicates that the company is well-positioned to meet its short-term obligations and has a strong ability to cover its current liabilities with its current assets.
Overall, a consistently high current ratio for Wesco International, Inc. indicates good liquidity and financial health, which may provide the company with flexibility to invest in growth opportunities or withstand any unexpected downturns in the business environment.
Peer comparison
Dec 31, 2023