Wingstop Inc (WING)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 19,661 | 16,939 | 16,059 | 13,643 | 12,408 | 11,951 | 10,747 | — | 9,461 | 8,829 | 7,234 | 6,385 | 8,110 | 6,052 | 5,854 | 5,950 | 4,929 | 5,378 | 5,580 | 5,140 |
| 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 |
| Quick ratio | 3.84 | 0.85 | 1.33 | 1.55 | 1.45 | 1.34 | 3.39 | 2.47 | 3.11 | 3.01 | 3.29 | 1.71 | 1.43 | 0.95 | 0.96 | 0.95 | 0.91 | 0.93 | 1.08 | 0.80 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($315,910K
+ $—K
+ $19,661K)
÷ $87,443K
= 3.84
The quick ratio of Wingstop Inc has shown fluctuations over the periods analyzed. The quick ratio, a measure of a company's short-term liquidity and ability to meet its immediate financial obligations, was 0.80 as of March 31, 2020, indicating potential challenges in meeting short-term liabilities.
Subsequently, the quick ratio improved to 1.08 by June 30, 2020, and maintained levels above 1.00 until September 30, 2020. However, the ratio dipped to 0.91 by December 31, 2020, suggesting a potential strain on the company's short-term financial health.
As of March 31, 2021, the quick ratio increased to 0.95, followed by minor fluctuations around this level in the subsequent quarters through September 30, 2021. Notably, the quick ratio significantly improved to 1.43 by December 31, 2021, and continued to rise to 1.71 by March 31, 2022.
The quick ratio experienced a notable spike to 3.29 by June 30, 2022, indicating a significant increase in the company's ability to cover immediate liabilities with its most liquid assets. The quick ratio remained relatively high at 3.01 by September 30, 2022, and 3.11 by December 31, 2022, showcasing strong liquidity positions.
From March 31, 2023, to September 30, 2023, the quick ratio declined to 1.34, indicating a potential reduction in liquidity. However, the ratio increased to 1.45 by December 31, 2023, and further to 1.55 by March 31, 2024, suggesting an improvement in the company's ability to cover short-term obligations.
The quick ratio experienced slight fluctuations from June 30, 2024, to September 30, 2024, ranging from 1.33 to 0.85. Notably, by December 31, 2024, the quick ratio spiked to 3.84, indicating a significant increase in liquidity and the company's ability to meet its short-term financial obligations.
Overall, fluctuations in Wingstop Inc's quick ratio over the analyzed periods suggest varying levels of liquidity and ability to cover short-term liabilities. The company demonstrated improvements in liquidity positions during certain periods, while also facing challenges in others, highlighting the importance of monitoring short-term financial health for operational stability.
Peer comparison
Dec 31, 2024