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WageWorks (WageWorks) Current Ratio : 1.39 (As of Jun. 2019)


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What is WageWorks Current Ratio?

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. WageWorks's current ratio for the quarter that ended in Jun. 2019 was 1.39.

WageWorks has a current ratio of 1.39. It generally indicates good short-term financial strength.

The historical rank and industry rank for WageWorks's Current Ratio or its related term are showing as below:

WAGE's Current Ratio is not ranked *
in the Business Services industry.
Industry Median: 1.725
* Ranked among companies with meaningful Current Ratio only.

WageWorks Current Ratio Historical Data

The historical data trend for WageWorks's Current Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

WageWorks Current Ratio Chart

WageWorks Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.14 1.26 1.15 1.41 1.44

WageWorks Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.48 1.47 1.44 1.43 1.39

Competitive Comparison of WageWorks's Current Ratio

For the Specialty Business Services subindustry, WageWorks's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


WageWorks's Current Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, WageWorks's Current Ratio distribution charts can be found below:

* The bar in red indicates where WageWorks's Current Ratio falls into.



WageWorks Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

WageWorks's Current Ratio for the fiscal year that ended in Dec. 2018 is calculated as

Current Ratio (A: Dec. 2018 )=Total Current Assets (A: Dec. 2018 )/Total Current Liabilities (A: Dec. 2018 )
=1245.923/863.711
=1.44

WageWorks's Current Ratio for the quarter that ended in Jun. 2019 is calculated as

Current Ratio (Q: Jun. 2019 )=Total Current Assets (Q: Jun. 2019 )/Total Current Liabilities (Q: Jun. 2019 )
=1086.431/783.328
=1.39

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


WageWorks  (NYSE:WAGE) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


WageWorks Current Ratio Related Terms

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WageWorks (WageWorks) Business Description

Traded in Other Exchanges
N/A
Address
1100 Park Place, 4th Floor, San Mateo, CA, USA, 94403
WageWorks is a provider of tax-advantaged programs in the United States. The company specialises in consumer-directed benefits such as health savings accounts, health and dependent-care flexible spending accounts, health reimbursement arrangements, and commuter benefit services, including transit, parking, and wellness programs. With the help of WageWorks, employees use pretax dollars to pay for healthcare, dependent care, and commuter expenses and save money on their payroll tax.
Executives
Ismail Dawood officer: Chief Financial Officer 3527 NORTH RIDGE ROAD, WICHITA KS 67205
John G. Saia officer: SVP, GC & Corporate Secretary C/O ACELRX PHARMACEUTICALS, INC., 351 GALVESTON DRIVE, REDWOOD CITY CA 94063
Jerry Gramaglia director 64 SPENCER LANE, ATHERTON CA 94027
Carol Goode director SAIC, 12010 SUNSET HILLS RD, RESTON VA 20190
Harvey Stuart C. Jr director C/O TRUSTWAVE HOLDINGS, INC., 70 W. MADISON, SUITE 1050, CHICAGO IL 60602
Robert Metzger director 1100 PARK PL #400, SAN MATEO CA 94403
Bruce G. Bodaken director 1100 PARK PLACE, 4TH FLOOR, SAN MATEO CA 94403
George P Scanlon director 13410 SUTTON PARK DRIVE SOUTH, JACSKONVILLE FL 32224
John William Larson director C/O SANGAMO BIOSCIENCES IN STE.A-100, POINT RICHMOND TECH CENTER 501 CANA BLVD, RICHMOND CA 94804
Mariann H Byerwalter director C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY 920/2, SAN MATEO CA 94403
Edward C Nafus director 7887 E BELLEVIEW AVE SUITE 1000, ENGLEWOOD CO 80111
David L Warnock other: See Remarks 500 EAST PRATT STREET, SUITE 1200, BALTIMORE MD 21202
Donald W Hughes other: See Remarks 500 EAST PRATT STREET, SUITE 1200, BALTIMORE MD 21202
Richard M Berkeley director, other: See Remarks 500 EAST PRATT STREET, SUITE 1200, BALTIMORE MD 21202
Camden Partners Strategic Iii, Llc other: See Remarks ONE SOUTH STREET, SUITE 2150, BALTIMORE MD 21202