Winnebago Industries Inc (WGO)
Cash ratio
| Aug 31, 2024 | Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 330,900 | 309,900 | 282,200 | 434,563 | 292,575 |
| Short-term investments | US$ in thousands | — | — | — | 28,821 | 27,838 |
| Total current liabilities | US$ in thousands | 404,700 | 396,000 | 522,100 | 407,276 | 300,390 |
| Cash ratio | 0.82 | 0.78 | 0.54 | 1.14 | 1.07 |
August 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($330,900K
+ $—K)
÷ $404,700K
= 0.82
The cash ratio of Winnebago Industries Inc has fluctuated over the past five years. As of August 31, 2024, the cash ratio stands at 0.82, indicating that the company has $0.82 of cash and cash equivalents for every $1 of current liabilities. This shows a slight improvement from the previous year's ratio of 0.78.
Looking back, the cash ratio was notably lower in August 27, 2022, at 0.54, suggesting that the company had relatively less liquidity to cover its short-term obligations. However, there was a significant improvement in the cash ratio in August 28, 2021, where it reached 1.14, signifying a strong ability to meet short-term liabilities with cash on hand. This was followed by a slightly lower ratio of 1.07 in August 29, 2020.
Overall, the trend in Winnebago Industries Inc's cash ratio indicates some variability in the company's liquidity position over the years, with the current ratio of 0.82 showing that the company has a moderate ability to cover its short-term obligations with its existing cash resources as of August 31, 2024.
Peer comparison
Aug 31, 2024