European Wax Center (European Wax Center) Current Ratio : 2.95 (As of Mar. 2024)

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What is European Wax Center 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. European Wax Center's current ratio for the quarter that ended in Mar. 2024 was 2.95.

European Wax Center has a current ratio of 2.95. It generally indicates good short-term financial strength.

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

EWCZ' s Current Ratio Range Over the Past 10 Years
Min: 1.4 Med: 2.7 Max: 3.76
Current: 2.95

During the past 5 years, European Wax Center's highest Current Ratio was 3.76. The lowest was 1.40. And the median was 2.70.

EWCZ's Current Ratio is ranked better than
76.73% of 1917 companies
in the Consumer Packaged Goods industry
Industry Median: 1.66 vs EWCZ: 2.95

European Wax Center Current Ratio Historical Data

The historical data trend for European Wax Center'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.

European Wax Center Current Ratio Chart

European Wax Center Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Current Ratio

1.40

3.11

2.36

2.63

2.52

European Wax Center Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Current Ratio	Get a 7-Day Free Trial													2.94	3.67	3.76	2.52	2.95

Competitive Comparison of European Wax Center's Current Ratio

For the Household & Personal Products subindustry, European Wax Center'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.

European Wax Center's Current Ratio Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, European Wax Center's Current Ratio distribution charts can be found below:

* The bar in red indicates where European Wax Center's Current Ratio falls into.

European Wax Center 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.

European Wax Center's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Current Ratio (A: Dec. 2023 )	=	Total Current Assets (A: Dec. 2023 )	/	Total Current Liabilities (A: Dec. 2023 )
	=	95.497	/	37.822
	=	2.52

European Wax Center's Current Ratio for the quarter that ended in Mar. 2024 is calculated as

Current Ratio (Q: Mar. 2024 )	=	Total Current Assets (Q: Mar. 2024 )	/	Total Current Liabilities (Q: Mar. 2024 )
	=	102.845	/	34.882
	=	2.95

European Wax Center (NAS:EWCZ) 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.

European Wax Center Current Ratio Related Terms

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European Wax Center (European Wax Center) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » European Wax Center Inc (NAS:EWCZ) » Definitions » Current Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

5830 Granite Parkway, 3rd Floor, Plano, TX, USA, 75024

Website

https://www.waxcenter.com

European Wax Center Inc is a franchisor and operator of OOH waxing services. Its product sales consist of revenue earned from sales of proprietary wax.

Executives

Andrea Lyn Wasserman	officer: Chief Commercial Officer	C/O EUROPEAN WAX CENTER, INC., 5830 GRANITE PARKWAY, 3RD FLOOR, PLANO TX 75024
Stacie Shirley	officer: CFO	TUESDAY MORNING CORPORATION, 6250 LBJ FREEWAY, DALLAS TX 75240
Julie Hauser-blanner	officer: SVP Ops, Field Tr. & Ind. Eng.	C/O EUROPEAN WAX CENTER, INC., 5830 GRANITE PARKWAY, 3RD FLOOR, PLANO TX 75024
Ewc Holdings, Inc.	10 percent owner	15511 FISHER ISLAND DRIVE, FISHER ISLAND FL 37495
General Atlantic Partners Aiv-1 A, L.p.	director, 10 percent owner	55 EAST 52ND STREET, 32ND FLOOR, NEW YORK NY 10055
Gapco Aiv Holdings, L.p.	director, 10 percent owner	C/O GENERAL ATLANTIC SERVICE CO., L.P., 55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
Ga Aiv-1 B Interholdco (ew), L.p.	director, 10 percent owner	C/O GENERAL ATLANTIC SERVICE CO., L.P., 55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
General Atlantic Genpar (ew), L.p.	director, 10 percent owner	C/O GENERAL ATLANTIC SERVICE CO., L.P., 55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
General Atlantic Partners Aiv (ew), L.p.	director, 10 percent owner	C/O GENERAL ATLANTIC SERVICE CO., L.P., 55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
Gapco Aiv Interholdco (ew), L.p.	director, 10 percent owner	C/O GENERAL ATLANTIC SERVICE CO., L.P., 55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
General Atlantic Partners Aiv-1 B, L.p.	director, 10 percent owner	55 EAST 52ND STREET, 32ND FLOOR, NEW YORK NY 10055
Gap Coinvestments V, Llc	director, 10 percent owner	55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
General Atlantic (spv) Gp, Llc	director, 10 percent owner	55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
General Atlantic, L.p.	director, 10 percent owner	55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055
Gap Coinvestments Iii, Llc	director, 10 percent owner	55 EAST 52ND STREET, 33RD FLOOR, NEW YORK NY 10055