Werner Enterprises Inc (WERN)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 40,752 | 61,723 | 107,240 | 54,196 | 29,334 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 355,749 | 330,585 | 309,520 | 269,647 | 274,014 |
| Quick ratio | 0.11 | 0.19 | 0.35 | 0.20 | 0.11 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($40,752K
+ $—K
+ $—K)
÷ $355,749K
= 0.11
The quick ratio of Werner Enterprises Inc has shown fluctuation over the past five years. Starting at 0.11 on December 31, 2020, it increased steadily to its peak of 0.35 on December 31, 2022, indicating improved short-term liquidity. However, there was a significant drop to 0.19 on December 31, 2023, suggesting potential challenges in meeting immediate financial obligations. This was followed by a decrease back to 0.11 by the end of December 31, 2024, which may raise concerns about the company's ability to cover short-term liabilities with its most liquid assets. Overall, the trend of the quick ratio reflects varying levels of liquidity and highlights the importance of monitoring the company's ability to meet short-term obligations.
Peer comparison
Dec 31, 2024