Wabash National Corporation (WNC)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 594,488 | 681,353 | 592,619 | 529,705 | 545,764 |
| Total current liabilities | US$ in thousands | 308,409 | 352,209 | 347,468 | 289,325 | 235,753 |
| Current ratio | 1.93 | 1.93 | 1.71 | 1.83 | 2.31 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $594,488K ÷ $308,409K
= 1.93
The current ratio of Wabash National Corporation has exhibited some fluctuations over the past five years. As of December 31, 2020, the current ratio was 2.31, indicating that the company had $2.31 in current assets for every $1 in current liabilities.
However, there was a decline in the current ratio to 1.83 as of December 31, 2021, and further to 1.71 as of December 31, 2022. This decrease suggests that the company may have had fewer current assets relative to current liabilities during these periods.
Subsequently, the current ratio improved to 1.93 as of December 31, 2023 and maintained the same level as of December 31, 2024. This increase indicates that Wabash National Corporation had a better ability to cover its short-term obligations with its current assets during these years.
Overall, while the current ratio has experienced fluctuations, the company has generally maintained a ratio above 1, indicating that it has had sufficient current assets to cover its current liabilities throughout the period under review. It is important to closely monitor future changes in the current ratio to assess the company's liquidity position effectively.