Wolverine World Wide Inc (WWW)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,025,100 | 1,265,300 | 903,700 | 904,200 | 967,100 |
| Total current liabilities | US$ in thousands | 869,400 | 1,110,300 | 759,600 | 406,000 | 787,400 |
| Current ratio | 1.18 | 1.14 | 1.19 | 2.23 | 1.23 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,025,100K ÷ $869,400K
= 1.18
The current ratio of Wolverine World Wide Inc has exhibited some fluctuations over the past five years, ranging from 1.14 to 2.23. In 2023, the current ratio stands at 1.18, indicating that the company has $1.18 in current assets for every $1 in current liabilities. This suggests that Wolverine World Wide Inc may have an adequate level of current assets to cover its short-term obligations in the near future. However, compared to recent years, the current ratio is slightly lower, which could indicate a potential liquidity concern. Further analysis of the components of current assets and liabilities would provide more insights into the company's liquidity position and its ability to meet short-term financial obligations efficiently.
Peer comparison
Dec 31, 2023