Werner Enterprises Inc (WERN)

Current 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
Total current assets	US$ in thousands	541,773	546,966	577,666	597,316	634,628	644,808	609,335	709,776	762,615	730,506	772,405	678,354	617,424	569,791	666,511	532,909	456,916	464,121	431,587	459,643
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
Current ratio		1.52	1.53	1.69	1.90	1.92	1.96	1.93	2.34	2.46	2.41	1.64	2.34	2.29	2.18	2.62	1.73	1.67	1.81	1.73	1.51

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $541,773K ÷ $355,749K
= 1.52

Werner Enterprises Inc's current ratio has shown fluctuations over the past few years based on the provided data. The current ratio, which measures the company's ability to cover its short-term obligations with its current assets, has generally remained above 1, indicating that the company has had more current assets than current liabilities during the periods analyzed.

The current ratio increased steadily from March 31, 2020, to June 30, 2022, reaching its peak at 2.62 on June 30, 2021. This significant increase suggests that Werner Enterprises Inc improved its liquidity position and had a stronger ability to meet its short-term obligations during this period.

However, the current ratio started to decline from June 30, 2022, and continued to decrease until December 31, 2024. The decreasing trend indicates that the company may have experienced challenges in managing its current assets and liabilities efficiently, leading to a lower ability to cover its short-term obligations.

Overall, despite the fluctuations, Werner Enterprises Inc's current ratio has generally remained above 1, signaling a healthy liquidity position. However, management should closely monitor the current ratio to ensure the company maintains sufficient liquidity to meet its short-term obligations effectively.