Werner Enterprises Inc (WERN)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 40,752 | 54,660 | 70,448 | 60,337 | 61,723 | 42,754 | 46,502 | 129,591 | 107,240 | 125,683 | 54,424 | 125,949 | 54,196 | 45,428 | 192,128 | 83,130 | 29,334 | 40,476 | 65,389 | 72,237 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 355,749 | 357,709 | 342,459 | 314,052 | 330,585 | 329,664 | 315,129 | 303,329 | 309,520 | 302,634 | 470,980 | 290,271 | 269,647 | 261,228 | 254,187 | 307,761 | 274,014 | 256,208 | 249,623 | 304,671 |
| Cash ratio | 0.11 | 0.15 | 0.21 | 0.19 | 0.19 | 0.13 | 0.15 | 0.43 | 0.35 | 0.42 | 0.12 | 0.43 | 0.20 | 0.17 | 0.76 | 0.27 | 0.11 | 0.16 | 0.26 | 0.24 |
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 fluctuated over time, showing varying levels of ability to cover its short-term liabilities with cash and cash equivalents. From March 2020 to December 2024, the cash ratio ranged from a low of 0.11 to a high of 0.76.
The company's cash ratio was relatively low in the first half of 2020 and gradually improved in the latter part of the year and into 2021. By June 2021, the cash ratio was significantly higher at 0.76, indicating a strong ability to cover short-term liabilities with cash on hand.
However, the cash ratio declined in the following quarters, hitting the lowest point of 0.11 by December 2024. This decrease suggests a potential decrease in the company's liquidity position or a potential increase in short-term liabilities relative to available cash.
Overall, while the cash ratio has shown fluctuations, it is important for Werner Enterprises Inc to maintain a healthy balance between cash reserves and short-term obligations to ensure financial stability and flexibility in managing its operations and growth initiatives.
Peer comparison
Dec 31, 2024