Encore Wire Corporation

Encore Wire Corporationverified

WIRE

Price:

$289.84

Market Cap:

$4.58B

Encore Wire Corporation manufactures and sells electrical building wires and cables for interior electrical wiring in the United States. The company's products include NM-B cables for use as interior wiring in homes, apartments, and manufactured housing; THHN/THWN-2 cables and metal-clad and armored cables for use as wiring in commercial and industrial buildings; UF-B cables; XHHW-2 cables; RHH/RHW-2 cables; USE-2 cables; and other types of wire products. It sells its products to wholesale electrical distributors primarily through independent manufacturers' representatives. Encore Wire Corporation was incorporated in 1989 and is headquartered in McKinney, Texas.[Read more]

Industry

Electrical Equipment & Parts

IPO Date

1992-07-16

Stock Exchange

NASDAQ

Ticker

WIRE

The Current Ratio as of September 2024 (TTM) for Encore Wire Corporation (WIRE) is 7.49

According to Encore Wire Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 7.49. This represents a change of -3.66% compared to the average of 7.78 of the last 4 quarters.

Encore Wire Corporation (WIRE) Historical Current Ratio (quarterly & annually)

How has WIRE Current Ratio performed in the past?

The mean historical Current Ratio of Encore Wire Corporation over the last ten years is 6.96. The current 7.49 Current Ratio has changed 10.66% with respect to the historical average. Over the past ten years (40 quarters), WIRE's Current Ratio was at its highest in in the March 2023 quarter at 10.48. The Current Ratio was at its lowest in in the June 2021 quarter at 4.62.

Quarterly (TTM)
Annual

Average

6.96

Median

6.89

Minimum

5.82

Maximum

9.72

Encore Wire Corporation (WIRE) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Encore Wire Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 44.75%

Maximum Annual Current Ratio = 9.72

Minimum Annual Increase = -22.25%

Minimum Annual Current Ratio = 5.82

Quarterly (TTM)
Annual
YearCurrent RatioChange
20237.56-22.25%
20229.7244.75%
20216.7213.24%
20205.93-18.69%
20197.293.36%
20187.0613.10%
20176.24-15.64%
20167.4025.33%
20155.901.42%
20145.82-15.51%

Encore Wire Corporation (WIRE) Average Current Ratio

How has WIRE Current Ratio performed in the past?

The current Current Ratio of Encore Wire Corporation (WIRE) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

8.00

5-year avg

7.44

10-year avg

6.96

Encore Wire Corporation (WIRE) Current Ratio vs. Peers

How is WIRE’s Current Ratio compared to its peers?

Encore Wire Corporation’s Current Ratio is greater than Advanced Energy Industries, Inc. (5.47), greater than Acuity Brands, Inc. (2.77), greater than EnerSys (2.70), greater than nVent Electric plc (2.18), greater than Kimball Electronics, Inc. (2.26), greater than Hubbell Incorporated (1.81), greater than Vertiv Holdings Co (1.36), greater than Energizer Holdings, Inc. (1.99),

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