Winnebago Industries Inc (WGO)
Cash ratio
| Feb 24, 2024 | Nov 25, 2023 | Aug 26, 2023 | May 27, 2023 | Feb 25, 2023 | Nov 26, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 25, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 265,700 | 219,600 | 309,900 | 225,900 | 229,300 | 271,700 | 282,200 | 238,073 | 134,832 | 211,384 | 434,563 | 405,841 | 333,015 | 272,939 | 292,575 | 152,480 | 122,939 | 101,328 | 37,431 | 4,176 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 28,821 | 28,381 | 28,301 | 27,904 | 27,838 | 27,336 | — | — | — | 27,111 |
| Total current liabilities | US$ in thousands | 353,200 | 347,300 | 396,000 | 397,100 | 435,100 | 436,100 | 522,100 | 535,952 | 464,046 | 427,103 | 407,276 | 375,610 | 321,003 | 313,401 | 300,390 | 228,175 | 250,649 | 247,406 | 197,744 | 204,851 |
| Cash ratio | 0.75 | 0.63 | 0.78 | 0.57 | 0.53 | 0.62 | 0.54 | 0.44 | 0.29 | 0.49 | 1.14 | 1.16 | 1.13 | 0.96 | 1.07 | 0.79 | 0.49 | 0.41 | 0.19 | 0.15 |
February 24, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($265,700K
+ $—K)
÷ $353,200K
= 0.75
The cash ratio of Winnebago Industries Inc has fluctuated over the past several quarters, ranging from a low of 0.15 to a high of 1.16. The cash ratio indicates the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio suggests a stronger ability to meet short-term obligations without relying on external financing.
In the recent quarters, the cash ratio has shown some volatility, with values bouncing between 0.44 to 0.78. This suggests fluctuations in the company's cash position relative to its current liabilities. The cash ratio exceeding 1.0 in some quarters indicates that Winnebago Industries has more than enough cash to cover its short-term obligations at those points in time.
It is essential for investors and analysts to monitor Winnebago Industries' cash ratio over time to assess the company's liquidity position and its ability to navigate through periods of economic uncertainty or operational challenges. It is also important to consider other liquidity ratios and factors impacting the company's cash position for a more comprehensive analysis of its financial health.
Peer comparison
Feb 24, 2024