Winnebago Industries Inc (WGO)
Current ratio
| 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 | Aug 31, 2019 | May 25, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 410,657 | 391,085 |
| Total current liabilities | US$ in thousands | 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 | 197,744 | 204,851 |
| Current ratio | 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 | 2.08 | 1.91 |
February 24, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,002,200K ÷ $353,200K
= 2.84
The current ratio of Winnebago Industries Inc has shown fluctuations over the given period, ranging from a low of 1.91 to a high of 2.84. The current ratio measures the company's ability to meet its short-term obligations with its current assets, with a higher ratio indicating a better liquidity position.
From the data provided:
- The current ratio has generally been above 2.0, indicating that Winnebago Industries Inc has had more than enough current assets to cover its short-term liabilities.
- There was a notable increase in the current ratio from Aug 2021 to Feb 2022, where it peaked at 2.84, suggesting an improvement in the company's short-term liquidity during this period.
- However, there have been some fluctuations since then, with the ratio hovering around 2.5 in the recent quarters, showing a slight decrease in short-term liquidity compared to the peak in Feb 2022.
Overall, Winnebago Industries Inc has maintained a healthy current ratio above 2.0, indicating a strong ability to meet its short-term obligations with its current assets. It is essential for the company to monitor this ratio regularly to ensure its liquidity position remains optimal.
Peer comparison
Feb 24, 2024