Winnebago Industries Inc (WGO)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 988,700 | 983,700 | 1,002,200 | 934,600 | 996,700 | 971,800 | 1,089,500 | 1,053,800 | 1,093,800 | 1,118,620 | 1,009,460 | 929,587 | 1,058,910 | 988,617 | 864,978 | 788,420 | 713,610 | 527,995 | 564,105 | 545,252 |
| 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 |
| Current ratio | 2.44 | 2.45 | 2.84 | 2.69 | 2.52 | 2.45 | 2.50 | 2.42 | 2.10 | 2.09 | 2.18 | 2.18 | 2.60 | 2.63 | 2.69 | 2.52 | 2.38 | 2.31 | 2.25 | 2.20 |
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 few quarters, ranging from 2.09 to 2.84. Generally, the current ratio indicates the company's ability to cover its short-term obligations with its current assets. A current ratio above 1 is usually considered healthy, as it suggests the company has more current assets than current liabilities.
In the most recent period, as of August 31, 2024, Winnebago Industries Inc has a current ratio of 2.44, which indicates that the company has $2.44 in current assets for every $1 in current liabilities. This suggests the company is in a strong position to meet its short-term financial obligations.
Although the current ratio has shown some variability in the past quarters, it has consistently remained above 2, indicating the company has a comfortable cushion of current assets to cover its short-term liabilities. However, it is essential to also assess other liquidity ratios and consider the industry benchmarks for a more comprehensive analysis of the company's liquidity position.
Peer comparison
Aug 31, 2024