Willscot Mobile Mini Holdings Corp A (WSC)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 557,510 | 569,096 | 521,041 | 483,040 | 419,492 |
| Total current liabilities | US$ in thousands | 585,008 | 562,020 | 561,942 | 517,645 | 448,667 |
| Current ratio | 0.95 | 1.01 | 0.93 | 0.93 | 0.93 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $557,510K ÷ $585,008K
= 0.95
The current ratio of Willscot Mobile Mini Holdings Corp A demonstrates stability over the observed period from December 31, 2020, to December 31, 2024. Specifically, the ratio remained constant at 0.93 for three consecutive years—2020, 2021, and 2022—indicating consistent liquidity levels during this period.
In 2023, the current ratio experienced an increase to 1.01, surpassing the threshold of 1.0. This change suggests an improvement in the company's short-term liquidity position, indicating that current assets marginally exceeded current liabilities for that year.
However, in 2024, the ratio declined slightly to 0.95, returning closer to the earlier levels but still relatively stable within a narrow range. The fluctuation illustrates that, while there was a temporary enhancement in liquidity in 2023, the company’s ability to cover its short-term obligations remained generally consistent over the analyzed period, with ratios below 1.0 in most years prior to 2023 implying potential concerns regarding liquidity adequacy during those years.
Overall, the data reflects a trend of modest improvement in 2023, followed by a slight decrease in 2024, without significant volatility. This pattern indicates relatively stable short-term liquidity management, though the ratios below 1.0 in most years could suggest a tighter liquidity position that warrants continued monitoring.