Wingstop Inc (WING)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 144,344 | 226,672 | 70,149 | 72,620 | 30,190 |
| Total current liabilities | US$ in thousands | 71,004 | 62,412 | 39,681 | 50,473 | 32,929 |
| Current ratio | 2.03 | 3.63 | 1.77 | 1.44 | 0.92 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $144,344K ÷ $71,004K
= 2.03
The current ratio of Wingstop Inc has shown fluctuations over the past five years. In 2023, the current ratio stands at 2.03, indicating the company has $2.03 in current assets for every $1 in current liabilities. This represents a decrease from the previous year's 3.63, suggesting a lower level of liquidity in the current assets. However, compared to 2020 and 2019 when the current ratios were 1.44 and 0.92 respectively, the current ratio has improved significantly, indicating better ability to cover short-term obligations. Overall, while the current ratio has fluctuated, Wingstop Inc generally shows a strong ability to meet its short-term financial obligations over the years.
Peer comparison
Dec 31, 2023