Wabash National Corporation (WNC)

Cash ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash and cash equivalents US$ in thousands 115,484 179,271 58,245 71,778 217,677
Short-term investments US$ in thousands
Total current liabilities US$ in thousands 308,409 352,209 347,468 289,325 235,753
Cash ratio 0.37 0.51 0.17 0.25 0.92

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($115,484K + $—K) ÷ $308,409K
= 0.37

The cash ratio of Wabash National Corporation has displayed fluctuations over the past five years. As of December 31, 2020, the cash ratio stood at 0.92, indicating that the company had $0.92 in cash and cash equivalents for every $1 of current liabilities. However, there was a significant decline in the cash ratio to 0.25 by the end of 2021, suggesting a decrease in the company's ability to cover its short-term obligations solely with cash resources.

The trend continued in 2022, with the cash ratio declining further to 0.17, indicating a continued strain on the company's liquidity position. Subsequently, there was an improvement in the cash ratio to 0.51 by December 31, 2023, signifying a better ability to meet short-term liabilities with available cash.

By the end of 2024, the cash ratio decreased to 0.37, showing a slight decline compared to the previous year but still indicating a relatively healthy liquidity position. Overall, the varying cash ratios reflect fluctuations in Wabash National Corporation's ability to meet its short-term obligations with cash on hand over the analyzed period.