Wabash National Corporation (WNC)
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 | 681,353 | 721,043 | 728,428 | 682,920 | 592,619 | 674,516 | 707,427 | 695,937 | 529,705 | 582,164 | 587,984 | 620,644 | 545,764 | 566,508 | 502,849 | 577,057 | 541,389 | 621,386 | 615,449 | 647,310 |
| Total current liabilities | US$ in thousands | 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 | 259,378 | 325,662 | 321,314 | 360,583 |
| Current ratio | 1.93 | 1.83 | 1.68 | 1.61 | 1.71 | 1.70 | 1.63 | 1.87 | 1.83 | 2.02 | 2.08 | 2.08 | 2.31 | 2.02 | 2.17 | 2.14 | 2.09 | 1.91 | 1.92 | 1.80 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $681,353K ÷ $352,209K
= 1.93
The current ratio of Wabash National Corp. has been fluctuating over the past eight quarters, ranging from as low as 1.61 in Q1 2023 to as high as 1.93 in Q4 2023. Overall, the current ratio has shown a generally improving trend, with the most recent value approaching 2, indicating a higher level of liquidity compared to previous quarters.
A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting its ability to cover its short-term obligations. However, a current ratio that is too high may indicate inefficiency in asset utilization.
It is worth noting that a company's current ratio should be analyzed in conjunction with other financial ratios and qualitative factors to get a comprehensive understanding of its financial health and liquidity position.