Wolverine World Wide Inc (WWW)
Cash 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 and cash equivalents | US$ in thousands | 152,100 | 140,200 | 148,300 | 169,700 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | -30,200 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 533,100 | 618,600 | 665,600 | 730,300 | 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 |
| Cash ratio | 0.29 | 0.23 | 0.22 | 0.23 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($152,100K
+ $—K)
÷ $533,100K
= 0.29
The cash ratio of Wolverine World Wide Inc has fluctuated over the reported periods, ranging from 0.10 to 0.86. The cash ratio measures a company's ability to cover its short-term liabilities with its readily available cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.
The ratio hit its peak at 0.86 on December 31, 2020, reflecting a significant improvement in the company's liquidity position at that time. Subsequently, the ratio experienced a downward trend, with values falling to as low as 0.10 on September 30, 2022. This decline may suggest a potential strain on liquidity or an increased reliance on other sources of financing to meet short-term obligations.
Investors and stakeholders should closely monitor Wolverine World Wide Inc's cash ratio to assess the company's liquidity position and its ability to meet its short-term financial commitments. Additionally, management should focus on maintaining an optimal level of cash reserves to ensure financial stability and operational flexibility.
Peer comparison
Dec 31, 2024