Willscot Mobile Mini Holdings Corp A (WSC)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 9,001 | 10,958 | 7,390 | 12,699 | 24,937 |
| Short-term investments | US$ in thousands | — | 9,145 | — | — | — |
| Receivables | US$ in thousands | 430,381 | 451,130 | 409,766 | 351,285 | 330,942 |
| Total current liabilities | US$ in thousands | 585,008 | 562,020 | 561,942 | 517,645 | 448,667 |
| Quick ratio | 0.75 | 0.84 | 0.74 | 0.70 | 0.79 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($9,001K
+ $—K
+ $430,381K)
÷ $585,008K
= 0.75
The quick ratio of Willscot Mobile Mini Holdings Corp A demonstrates a relatively stable liquidity profile over the period from December 31, 2020, to December 31, 2024. At the end of 2020, the quick ratio stood at 0.79, indicating that the company's most liquid assets, excluding inventories, covered approximately 79% of its current liabilities. This ratio declined slightly in 2021 to 0.70, reflecting a modest reduction in liquidity or an increase in current liabilities relative to quick assets. In 2022, the ratio increased marginally to 0.74, suggesting a slight improvement in liquidity position. The upward trend continued into 2023, reaching 0.84, which represents an improvement and implies that the company's quick assets now cover about 84% of current liabilities, signaling enhanced short-term liquidity. However, in 2024, the ratio decreased slightly to 0.75, indicating a minor deterioration in liquidity compared to 2023 but still maintaining a level that demonstrates adequate short-term liquidity coverage. Overall, the company’s quick ratio has remained below 1 throughout this period, suggesting that it generally maintains a conservative approach to liquidity management, with occasional fluctuations possibly due to changes in the composition of liquid assets or current liabilities.