Werner Enterprises Inc (WERN)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	634,628	762,615	631,213	456,916	466,334
Total current liabilities	US$ in thousands	330,585	309,520	268,683	274,014	308,840
Current ratio		1.92	2.46	2.35	1.67	1.51

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $634,628K ÷ $330,585K
= 1.92

The current ratio of Werner Enterprises, Inc. has fluctuated over the past five years. In 2023, the current ratio stands at 1.92, significantly lower than the 2022 and 2021 ratios of 2.46 and 2.35, respectively. This decrease may indicate potential liquidity challenges or a decrease in the company's ability to cover its short-term obligations with its current assets. However, compared to 2020 and 2019 when the current ratios were 1.67 and 1.51, respectively, the current ratio in 2023 still reflects a stronger liquidity position. Further analysis and consideration of other financial metrics would be necessary to fully assess the company's short-term financial health and liquidity.