Werner Enterprises Inc (WERN)

Cash ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash and cash equivalents	US$ in thousands	40,752	61,723	107,240	54,196	29,334
Short-term investments	US$ in thousands	—	—	—	—	—
Total current liabilities	US$ in thousands	355,749	330,585	309,520	269,647	274,014
Cash ratio		0.11	0.19	0.35	0.20	0.11

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($40,752K + $—K) ÷ $355,749K
= 0.11

The cash ratio of Werner Enterprises Inc has shown fluctuations over the years based on the provided data. As of December 31, 2020, the cash ratio was 0.11, indicating that the company had $0.11 in cash and cash equivalents for every $1 of current liabilities.

By December 31, 2021, the cash ratio had improved to 0.20, suggesting an increase in the company's ability to cover its short-term obligations with cash on hand.

In the following year, by December 31, 2022, the cash ratio further improved to 0.35, indicating a significant strengthening of the company's liquidity position.

However, by December 31, 2023, the cash ratio decreased to 0.19, signaling a slight decline in the company's ability to meet its short-term obligations solely with cash reserves.

Finally, as of December 31, 2024, the cash ratio reverted back to 0.11, potentially raising concerns about the company's liquidity position relative to its current liabilities.

Overall, fluctuations in Werner Enterprises Inc's cash ratio over the years suggest varying levels of liquidity and the need to carefully monitor the company's ability to meet its short-term obligations with its available cash resources.