Wabash National Corporation (WNC)
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 | 115,484 | 81,842 | 77,285 | 115,786 | 179,271 | 105,288 | 98,791 | 68,245 | 58,245 | 81,478 | 138,484 | 72,794 | 71,778 | 49,374 | 134,375 | 168,887 | 217,677 | 215,822 | 135,993 | 154,587 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 308,409 | 339,283 | 323,356 | 368,589 | 352,209 | 393,217 | 433,410 | 424,401 | 347,468 | 397,364 | 432,688 | 372,660 | 289,325 | 287,977 | 282,549 | 298,578 | 235,753 | 279,791 | 232,114 | 269,535 |
| Cash ratio | 0.37 | 0.24 | 0.24 | 0.31 | 0.51 | 0.27 | 0.23 | 0.16 | 0.17 | 0.21 | 0.32 | 0.20 | 0.25 | 0.17 | 0.48 | 0.57 | 0.92 | 0.77 | 0.59 | 0.57 |
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 for Wabash National Corporation has fluctuated over the past five years. Starting at 0.57 in March 2020, the ratio increased to 0.92 by December 2020, indicating the company had a higher level of cash to cover its current liabilities during this period. However, the ratio subsequently decreased to 0.17 by September 2021, reflecting a decrease in the company's ability to cover its short-term obligations with cash on hand.
The cash ratio improved slightly to 0.32 in June 2022 but decreased again to 0.16 by March 2023, showing continued volatility in the company's cash position. Over the following years, the cash ratio fluctuated within a range of 0.16 to 0.51, with no clear trend in the company's ability to cover its liabilities with cash.
Overall, the cash ratio for Wabash National Corporation has exhibited variability, indicating potential challenges in managing liquidity and meeting short-term obligations with cash reserves. Investors and stakeholders may want to closely monitor the company's cash position and liquidity management strategies to assess its financial health and sustainability.