Wolverine World Wide Inc (WWW)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 179,000 | 131,500 | 161,700 | 347,400 | 180,600 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 869,400 | 1,110,300 | 759,600 | 406,000 | 787,400 |
| Cash ratio | 0.21 | 0.12 | 0.21 | 0.86 | 0.23 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($179,000K
+ $—K)
÷ $869,400K
= 0.21
The cash ratio of Wolverine World Wide Inc has exhibited fluctuations over the past five years. In particular:
- The cash ratio was lowest in December 2022 at 0.12, indicating that the company only had $0.12 in cash and cash equivalents for every $1 of current liabilities during that period.
- The cash ratio saw a significant increase in December 2020, reaching 0.86. This suggests that the company had a higher level of liquidity to cover its current liabilities at that point.
- The cash ratio decreased to 0.21 in December 2021 and then again in December 2023, indicating a lower level of liquidity compared to the previous year.
Overall, the cash ratio of Wolverine World Wide Inc has been volatile, with fluctuations in the company's ability to cover its short-term obligations with available cash and cash equivalents. It is essential for investors and stakeholders to monitor this ratio closely to assess the company's liquidity position.
Peer comparison
Dec 31, 2023