Wabash National Corporation (WNC)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | 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 |
| Quick 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
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 fluctuated over the past few years, ranging between 0.16 to 0.92. A quick ratio below 1 indicates the company may face challenges meeting its short-term obligations using its most liquid assets. Specifically, the quick ratio decreased significantly from September 2021 to December 2021, suggesting a potential liquidity strain during that period. The ratio improved in the following quarters but remained below the benchmark of 1, indicating that Wabash National Corporation may need to closely monitor its liquidity position and manage its short-term obligations effectively.