Wabash National Corporation (WNC)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 115,484 | 179,271 | 58,245 | 71,778 | 217,677 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 308,409 | 352,209 | 347,468 | 289,325 | 235,753 |
| Quick ratio | 0.37 | 0.51 | 0.17 | 0.25 | 0.92 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($115,484K
+ $—K
+ $—K)
÷ $308,409K
= 0.37
The quick ratio of Wabash National Corporation has exhibited fluctuations over the past five years. As of December 31, 2020, the quick ratio stood at 0.92, indicating that the company had $0.92 in liquid assets available to cover each dollar of current liabilities. However, there was a significant decline in the quick ratio to 0.25 by the end of December 31, 2021, suggesting a potential liquidity challenge.
The trend continued with a further decrease in the quick ratio to 0.17 by the end of December 31, 2022, raising concerns about the company's ability to meet its short-term obligations with its readily available liquid assets. However, there was a notable improvement in the quick ratio to 0.51 by December 31, 2023, indicating a better liquidity position compared to the previous year.
By the end of December 31, 2024, the quick ratio of Wabash National Corporation slightly decreased to 0.37, implying that the company still had $0.37 in liquid assets available for every dollar of current liabilities. Overall, the fluctuating trend in the quick ratio suggests varying levels of liquidity risk and the importance of closely monitoring the company's ability to meet its short-term financial obligations with liquid assets.