Encore Wire's Cash & cash equivalent grew by 9.53 % in the Q1 2024 sequentially, faster than Current Liabilities, this led to improvement in Encore Wire's Quick Ratio to 3.65, above Encore Wire Corp average Quick Ratio.

Within Miscellaneous Fabricated Products industry Encore Wire Corp booked the highest Quick Ratio than Encore Wire in the first quarter 2024. While Quick Ratio total ranking in the first quarter 2024 has deteriorated compared to the prior quarter from 445 to 822.

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WIRE Quick Ratio	(Mar 31 2024) Q1	(Dec 31 2023) Q4	(Sep 30 2023) Q3	(Jun 30 2023) Q2	(Mar 31 2023) Q1
Y / Y Current Liabilities Change	30.37 %	11.08 %	9.62 %	11.21 %	-29.45 %
Y / Y Cash & cash equivalent Change	-11.95 %	-23.26 %	1.42 %	42.22 %	49.63 %
Quick Ratio MRQ	3.65	3.5	3.5	4.14	5.4
WIRE's Total Ranking	# 822	# 445	# 777	# 15	#
Seq. Current Liabilities Change	5.16 %	-3.65 %	2.95 %	24.99 %	-10.4 %
Seq. Cash & cash equivalent Change	9.53 %	-3.63 %	-12.88 %	-4.25 %	-4.54 %

Quick Ratio first quarter 2024 Company Ranking
Within:	No.
Miscellaneous Fabricated Products Industry	# 1
Basic Materials Sector	# 30
Overall Market	# 822

Quick Ratio Statistics
High	Average	Low
5.4	2.01	0.03
(Mar 31 2023)

Financial Statements
Encore Wire's Current Liabilities	$ 168 Millions	Visit WIRE's Balance sheet
Encore Wire's Cash & cash equivalent	$ 614 Millions	Visit WIRE's Balance sheet
Source of WIRE's Sales		Visit WIRE's Sales by Geography

Cumulative Encore Wire's Quick Ratio

WIRE's Quick Ratio for the trailling 12 Months

WIRE Quick Ratio	(Mar 31 2024) 12 Months	(Dec 31 2023) 12 Months	(Sep 30 2023) 12 Months	(Jun 30 2023) 12 Months	(Mar 31 2023) 12 Months
Y / Y Current Liabilities TTM Growth	15.1 %	-1.14 %	-5.21 %	-7.57 %	-14.57 %
Y / Y Cash & cash equivalent TTM Growth	-1.9 %	11.96 %	37.44 %	59.89 %	81.99 %
Quick Ratio TTM	3.69	4.06	4.46	4.55	4.33
Total Ranking TTM	# 3887	# 3373	# 609	# 3667	#
Seq. Current Liabilities TTM Growth	6.36 %	2.66 %	2.49 %	2.85 %	-8.64 %
Seq. Cash & cash equivalent TTM Growth	-3.32 %	-6.35 %	0.31 %	8.02 %	10.33 %

Quick ratio ranking by company, industry and sector >> Back to WIRE Financial Strength Comparisons >> Go to Compare WIRE Quick Ratio to its Competitors

On the trailing twelve months basis Due to rise in Current Liabilities in the Q1 2024 to $168.41 millions, cumulative Quick Ratio decreased to 3.69 above the WIRE average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Miscellaneous Fabricated Products industry 46 other companies have achieved higher Quick Ratio than Encore Wire. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the fourth quarter 2023 from 3373 to 3887.

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TTM Quick Ratio Company Ranking
Within:	No.
Within the Miscellaneous Fabricated Products Industry	# 47
Basic Materials Sector	# 296
Within the Market	# 3887

trailing twelve months Quick Ratio Statistics
High	Average	Low
4.55	2.03	0.44
(Jun 30 2023)		(Dec 31 2013)

Companies with similar Quick Ratio in the quarter ending Mar 31 2024, within Miscellaneous Fabricated Products Industry	Quick Ratio	Mar 31 2024 MRQ Cash & cash equivalent	Mar 31 2024 MRQ Current Liabilities
Mueller Industries Inc	3.84	$ 1,357.952 Millions	$ 353.209 Millions
Encore Wire Corp	3.65	$ 614.088 Millions	$ 168.407 Millions
Gulf Island Fabrication Inc	2.84	$ 59.821 Millions	$ 21.090 Millions
Cps Technologies Corp	2.63	$ 8.668 Millions	$ 3.297 Millions
Enpro Inc	2.13	$ 163.900 Millions	$ 76.800 Millions
Proto Labs Inc	1.88	$ 109.679 Millions	$ 58.436 Millions
Highway Holdings Limited	1.72	$ 6.601 Millions	$ 3.837 Millions
Innovex International Inc	1.51	$ 202.213 Millions	$ 133.556 Millions
Profire Energy Inc	1.50	$ 9.947 Millions	$ 6.635 Millions
American Superconductor Corp	1.12	$ 90.522 Millions	$ 81.171 Millions
Janus International Group Inc	1.10	$ 178.400 Millions	$ 162.600 Millions
Watts Water Technologies Inc	1.07	$ 237.100 Millions	$ 220.700 Millions
Cactus inc	1.02	$ 194.257 Millions	$ 190.670 Millions
Aqua Metals Inc	0.98	$ 8.294 Millions	$ 8.451 Millions

Date modified: 2026-08-29T17:28:48+00:00

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