Winnebago Industries Inc (WGO)

Current ratio

Aug 31, 2024 Aug 26, 2023 Aug 27, 2022 Aug 28, 2021 Aug 29, 2020
Total current assets US$ in thousands 988,700 996,700 1,093,800 1,058,910 713,610
Total current liabilities US$ in thousands 404,700 396,000 522,100 407,276 300,390
Current ratio 2.44 2.52 2.10 2.60 2.38

August 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $988,700K ÷ $404,700K
= 2.44

The current ratio of Winnebago Industries Inc has shown some fluctuations over the past five years. The ratio was 2.38 in 2020 and increased to 2.60 in 2021, indicating a stronger position in terms of short-term liquidity. However, in 2022, the current ratio decreased to 2.10, suggesting a slight weakening of the company's ability to cover its short-term obligations with current assets.

In 2023, the current ratio improved to 2.52, showing a positive trend in liquidity management. The most recent data for 2024 reflects a current ratio of 2.44, which is slightly lower compared to the previous year but remains at a relatively healthy level overall.

Overall, Winnebago Industries Inc has maintained current ratios above 2 for the past five years, indicating a generally solid ability to meet its short-term obligations with current assets. However, the company should continue to monitor and manage its liquidity effectively to ensure ongoing financial stability.