Wingstop Inc (WING)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	144,344	132,843	238,183	249,402	226,672	223,091	209,479	324,233	70,149	88,802	84,708	81,144	72,620	82,285	67,456	52,848	30,190	32,183	33,416	34,415
Total current liabilities	US$ in thousands	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	32,929	36,991	23,861	29,019
Current ratio		2.03	1.97	4.05	3.14	3.63	3.68	3.98	1.89	1.77	1.50	1.64	1.68	1.44	1.43	1.42	1.17	0.92	0.87	1.40	1.19

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 displayed fluctuations over the past few quarters, ranging from 0.87 to 4.05. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities.

In recent quarters, Wingstop Inc's current ratio has generally been above 1, indicating a healthy liquidity position. However, the ratio saw a significant increase to 4.05 in the second quarter of 2023, which may suggest improved short-term liquidity and a strengthened ability to meet obligations.

Overall, while the company has shown variability in its current ratio, it remains above 1 in most periods, signifying a solid ability to cover short-term financial obligations with current assets. It is important for investors and stakeholders to monitor the trend of the current ratio over time to assess the company's liquidity position and financial health.