Winnebago Industries Inc (WGO)
Cash ratio
| Aug 31, 2024 | May 25, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 330,900 | 318,100 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | 28,821 | 28,381 | 28,301 | 27,904 | 27,838 | 27,336 | — | — |
| Total current liabilities | US$ in thousands | 404,700 | 401,800 | 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 |
| Cash ratio | 0.82 | 0.79 | 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 |
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 several quarters. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
From Nov 30, 2019 to Aug 31, 2024, the cash ratio has ranged from a low of 0.29 to a high of 1.16. The highest cash ratio was observed on May 29, 2021, and May 29, 2021, indicating a strong ability to cover short-term liabilities with cash on hand during those periods. On the other hand, the lowest cash ratios were recorded on Feb 26, 2022, and May 27, 2023, signaling a relatively weaker ability to cover short-term liabilities with cash on those dates.
Overall, Winnebago Industries Inc's cash ratio has shown some variability but generally remains above 1, which suggests the company has sufficient cash reserves to cover its short-term obligations. However, it is essential to monitor future trends in the cash ratio to ensure the company maintains a healthy liquidity position.
Peer comparison
Aug 31, 2024