Werner Enterprises Inc (WERN)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | 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 |
| Quick 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
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 fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio indicates the company's ability to meet its short-term obligations with its most liquid assets.
From March 31, 2020, to December 31, 2022, the quick ratio ranged from a low of 0.11 to a high of 0.76. The significant increase in the quick ratio in June 30, 2021, suggests that the company improved its ability to cover its current liabilities with its quick assets.
However, there were subsequent decreases in the quick ratio in the following periods. For example, in December 31, 2022, the quick ratio decreased to 0.35 from the peak of 0.76 in June 30, 2021.
Throughout the period, the quick ratio stayed above 1, indicating that the company had sufficient quick assets to cover its short-term liabilities. Notably, the quick ratio improved again in March 31, 2024, but dropped slightly in the subsequent periods.
Overall, analyzing the quick ratio trends reveals fluctuations in Werner Enterprises Inc's ability to meet short-term obligations using its liquid assets, indicating a changing liquidity position over time.
Peer comparison
Dec 31, 2024