Winnebago Industries Inc (WGO)
Current ratio
| Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 996,700 | 1,093,800 | 1,058,910 | 713,610 | 410,657 |
| Total current liabilities | US$ in thousands | 396,000 | 522,100 | 407,276 | 300,390 | 197,744 |
| Current ratio | 2.52 | 2.10 | 2.60 | 2.38 | 2.08 |
August 26, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $996,700K ÷ $396,000K
= 2.52
The current ratio of Winnebago Industries, Inc. has fluctuated over the past five years, ranging from 2.08 in 2019 to 2.60 in 2021. The current ratio measures the company's ability to meet short-term obligations with its current assets. A higher current ratio generally indicates a stronger ability to cover short-term liabilities.
In 2023, Winnebago Industries, Inc. exhibited a current ratio of 2.52, indicating an increase from the previous year. This suggests that the company had $2.52 in current assets for every $1 in current liabilities, reflecting a potential improvement in its short-term liquidity position.
The trend of fluctuating current ratios over the years indicates that Winnebago Industries, Inc. has managed its short-term liquidity with some variation. It is important for stakeholders to monitor this ratio over time to assess the company's ability to manage its short-term obligations effectively.
Peer comparison
Aug 26, 2023