Wolverine World Wide Inc (WWW)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 152,100 | 179,000 | 131,500 | 161,700 | 347,400 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 533,100 | 869,400 | 1,110,300 | 759,600 | 406,000 |
| Quick ratio | 0.29 | 0.21 | 0.12 | 0.21 | 0.86 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($152,100K
+ $—K
+ $—K)
÷ $533,100K
= 0.29
The quick ratio of Wolverine World Wide Inc has shown a declining trend over the past five years. Starting at 0.86 on December 31, 2020, the ratio decreased to 0.21 by December 31, 2021, and further declined to 0.12 by December 31, 2022. Subsequently, there was a slight improvement to 0.21 by December 31, 2023, followed by a modest increase to 0.29 by December 31, 2024.
The quick ratio measures the company's ability to cover its current liabilities using its most liquid assets. A quick ratio below 1 indicates that the company may struggle to meet its short-term obligations. In Wolverine World Wide Inc's case, the decreasing trend in the quick ratio raises concerns regarding its liquidity position. Further analysis of the company's current assets and liabilities is recommended to understand the reasons behind this trend and assess the company's overall financial health.
Peer comparison
Dec 31, 2024