Werner Enterprises Inc (WERN)

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	634,628	644,808	609,335	709,776	762,615	730,506	772,405	678,354	631,213	569,791	666,511	532,909	456,916	464,121	431,587	459,643	466,334	436,325	453,301	455,454
Total current liabilities	US$ in thousands	330,585	329,664	315,129	303,329	309,520	302,634	470,980	290,271	268,683	261,228	259,187	307,761	274,014	256,208	249,623	304,671	308,840	331,921	228,570	322,599
Current ratio		1.92	1.96	1.93	2.34	2.46	2.41	1.64	2.34	2.35	2.18	2.57	1.73	1.67	1.81	1.73	1.51	1.51	1.31	1.98	1.41

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 eight quarters. The company's current ratio ranged from a low of 1.64 in Q2 2022 to a high of 2.46 in Q4 2022, indicating variability in its short-term liquidity position.

In Q1 2023, the current ratio improved to 2.34 from the previous quarter, suggesting a stronger ability to meet its short-term obligations. This improvement followed a declining trend in the current ratio over the previous two quarters.

Although the current ratio decreased in Q2 and Q3 2023, it remained above 1.9, indicating that the company had a sufficient level of current assets to cover its current liabilities during these periods.

Overall, the current ratio for Werner Enterprises, Inc. has shown some volatility but generally stayed above 1.5, reflecting a relatively healthy liquidity position in the short term. However, it may be beneficial for the company to closely monitor and manage its current assets and liabilities to maintain a stable current ratio in the future.