Wingstop Inc (WING)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 315,910 | 83,958 | 96,749 | 108,305 | 90,216 | 77,983 | 188,500 | 196,198 | 184,496 | 173,511 | 165,824 | 287,013 | 48,583 | 50,125 | 43,504 | 39,993 | 40,858 | 48,230 | 45,766 | 31,030 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 87,443 | 118,891 | 84,536 | 78,829 | 71,004 | 67,332 | 58,788 | 79,311 | 62,412 | 60,655 | 52,665 | 171,368 | 39,681 | 59,309 | 51,645 | 48,178 | 50,473 | 57,420 | 47,579 | 45,291 |
| Cash ratio | 3.61 | 0.71 | 1.14 | 1.37 | 1.27 | 1.16 | 3.21 | 2.47 | 2.96 | 2.86 | 3.15 | 1.67 | 1.22 | 0.85 | 0.84 | 0.83 | 0.81 | 0.84 | 0.96 | 0.69 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($315,910K
+ $—K)
÷ $87,443K
= 3.61
Wingstop Inc's cash ratio has fluctuated over the years based on the provided data. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
From March 31, 2020, to June 30, 2021, the cash ratio ranged between 0.69 and 0.84, indicating that Wingstop might have faced some challenges in meeting its short-term obligations with available cash during this period.
However, starting from December 31, 2021, the cash ratio showed a significant improvement, reaching a peak of 3.61 on December 31, 2024. This increase suggests that Wingstop enhanced its liquidity position, potentially due to increased cash reserves or more effective cash management strategies.
Despite this improvement, there were fluctuations in the cash ratio in the following quarters, such as dropping to 1.14 on June 30, 2024, before rebounding to 3.61 on December 31, 2024.
Overall, the trend in Wingstop Inc's cash ratio indicates varying levels of liquidity over the years, with notable improvements in recent periods, suggesting a stronger ability to cover short-term obligations with cash and cash equivalents.
Peer comparison
Dec 31, 2024