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.
Peer comparison
Aug 31, 2024