Winnebago Industries Inc (WGO)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 330,900 | 318,100 | 265,700 | 219,600 | 309,900 | 225,900 | 229,300 | 271,700 | 282,200 | 238,073 | 134,832 | 211,384 | 434,563 | 405,841 | 333,015 | 272,939 | 292,575 | 152,480 | 122,939 | 101,328 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | 28,821 | 28,381 | 28,301 | 27,904 | 27,838 | 27,336 | — | — |
| Receivables | US$ in thousands | 190,300 | 202,400 | 242,300 | 190,800 | 189,200 | 205,300 | 281,300 | 203,000 | 254,124 | 373,639 | 380,039 | 263,677 | 253,808 | 228,199 | 232,349 | 231,182 | 220,798 | 163,590 | 182,475 | 167,290 |
| 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 |
| Quick ratio | 1.29 | 1.30 | 1.44 | 1.18 | 1.26 | 1.09 | 1.17 | 1.09 | 1.03 | 1.14 | 1.11 | 1.11 | 1.76 | 1.76 | 1.85 | 1.70 | 1.80 | 1.51 | 1.22 | 1.09 |
August 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($330,900K
+ $—K
+ $190,300K)
÷ $404,700K
= 1.29
The quick ratio of Winnebago Industries Inc has displayed some variability over the past several reporting periods. The quick ratio measures the company's ability to cover its short-term liabilities with its most liquid assets.
The quick ratio has generally remained above 1, indicating that Winnebago Industries Inc has had sufficient liquid assets to cover its short-term obligations during these periods. A quick ratio above 1 suggests that the company is in a relatively favorable position to meet its current liabilities without having to rely heavily on selling its inventory.
The ratio peaked at 1.85 in February 2021, indicating a very strong ability to cover short-term obligations with liquid assets. However, there have been fluctuations in the ratio over time, with some quarters showing lower ratios such as 1.03 in August 2022.
In recent periods, the quick ratio has ranged from 1.09 to 1.44, suggesting a stable liquidity position for the company. Investors and creditors may view a consistent quick ratio above 1 as a positive indicator of Winnebago Industries Inc's financial health and ability to manage short-term obligations effectively.
Peer comparison
Aug 31, 2024