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

Company name
Symbol
Cash ratio
Wolverine World Wide Inc
WWW
0.29
Caleres Inc
CAL
0.04
Skechers USA Inc
SKX
0.55
Steven Madden Ltd
SHOO
0.49