Wolverine World Wide Inc (WWW)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 688,500 | 1,025,100 | 1,265,300 | 903,700 | 904,200 |
| Total current liabilities | US$ in thousands | 533,100 | 869,400 | 1,110,300 | 759,600 | 406,000 |
| Current ratio | 1.29 | 1.18 | 1.14 | 1.19 | 2.23 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $688,500K ÷ $533,100K
= 1.29
The current ratio of Wolverine World Wide Inc has seen a decline over the past five years, starting at 2.23 in December 31, 2020, and decreasing to 1.19 by December 31, 2021. This suggests that the company may be facing challenges in meeting its short-term obligations with its current assets.
Further, the current ratio continued to decrease to 1.14 by December 31, 2022, indicating that the company's current assets may not be sufficient to cover its current liabilities adequately. However, there was a slight increase to 1.18 by December 31, 2023, and a further improvement to 1.29 by December 31, 2024.
Overall, the current ratio trend of Wolverine World Wide Inc demonstrates fluctuations and volatility in its ability to meet short-term obligations. It would be essential for the company to closely monitor and manage its current assets and liabilities to ensure a healthy liquidity position in the future.
Peer comparison
Dec 31, 2024