Wolverine World Wide Inc (WWW)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 179,000 | 160,400 | 176,500 | 116,200 | 131,500 | 136,400 | 149,300 | 149,600 | 161,700 | 183,600 | 345,800 | 364,800 | 347,400 | 342,000 | 422,600 | 472,600 | 180,600 | 125,200 | 116,500 | 80,600 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | -30,200 | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 869,400 | 851,700 | 964,200 | 1,035,900 | 1,110,300 | 1,331,300 | 1,094,700 | 967,400 | 759,600 | 852,100 | 522,900 | 497,800 | 406,000 | 560,000 | 676,400 | 1,119,700 | 787,400 | 833,900 | 744,900 | 592,100 |
| Cash ratio | 0.21 | 0.19 | 0.18 | 0.11 | 0.12 | 0.10 | 0.14 | 0.15 | 0.17 | 0.22 | 0.66 | 0.73 | 0.86 | 0.61 | 0.62 | 0.42 | 0.23 | 0.15 | 0.16 | 0.14 |
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 measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents. In the case of Wolverine World Wide Inc, the trend in the cash ratio fluctuated over the periods provided.
The company's cash ratio ranges from a low of 0.10 in September 2022 to a high of 0.86 in March 2021. This indicates that the company had varying levels of liquidity over the periods, with some quarters showing stronger liquidity positions than others.
Notably, the company's cash ratio dropped significantly in the recent quarters, reaching as low as 0.11 in March 2023. This suggests that Wolverine World Wide Inc may have been less able to cover its short-term obligations with available cash during that period.
Overall, it is essential for investors and stakeholders to monitor Wolverine World Wide Inc's cash ratio over time to assess the company's liquidity position and ability to meet its short-term obligations.
Peer comparison
Dec 31, 2023