Wolverine World Wide Inc (WWW)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,025,100 | 1,097,200 | 1,163,900 | 1,202,600 | 1,265,300 | 1,551,800 | 1,293,300 | 1,077,900 | 903,700 | 1,002,600 | 1,086,400 | 1,047,200 | 904,200 | 1,042,000 | 1,118,600 | 1,251,700 | 967,100 | 948,600 | 929,300 | 875,500 |
| 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 |
| Current ratio | 1.18 | 1.29 | 1.21 | 1.16 | 1.14 | 1.17 | 1.18 | 1.11 | 1.19 | 1.18 | 2.08 | 2.10 | 2.23 | 1.86 | 1.65 | 1.12 | 1.23 | 1.14 | 1.25 | 1.48 |
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 shown some fluctuations over the past few quarters. The current ratio, which measures the company's ability to cover its short-term liabilities with its short-term assets, was below 1.5 for most periods, indicating that the company may have had a moderate level of liquidity risk.
In the most recent quarter, the current ratio was 1.18, indicating that the company had $1.18 in current assets for every $1 in current liabilities. This implies that Wolverine World Wide Inc had a moderate level of liquidity to meet its short-term obligations.
Despite some fluctuations in the current ratio over the quarters, the company generally maintained a current ratio above 1, suggesting that it was able to cover its short-term liabilities with its current assets. It is important to monitor the trend of the current ratio over time to assess the company's liquidity position and ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023