Washington Trust Bancorp, Inc. Working Capital

Working Capital of WASH for past 10 years: annual, quarterly and twelve month trailing (TTM) including Working Capital growth rates and interactive chart. Working capital, also known as net working capital (NWC), is the difference between a company’s current assets, such as cash, accounts receivable (customers’ unpaid bills) and inventories of raw materials and finished goods, and its current liabilities, such as accounts payable. Net operating working capital is a measure of a company's liquidity and refers to the difference between operating current assets and operating current liabilities. In many cases these calculations are the same and are derived from company cash plus accounts receivable plus inventories, less accounts payable and less accrued expenses. Working capital is a measure of a company's liquidity, operational efficiency and its short-term financial health. If a company has substantial positive working capital, then it should have the potential to invest and grow. If a company's current assets do not exceed its current liabilities, then it may have trouble growing or paying back creditors, or even go bankrupt.

Highlights and Quick Summary

  • Working Capital for the quarter ending December 30, 2020 was $37.4 Million (a -84.0% decrease compared to previous quarter)
  • Year-over-year quarterly Working Capital decreased by -93.54%
  • Annual Working Capital for 2020 was $37.4 Million (a -92.99% decrease from previous year)
  • Annual Working Capital for 2019 was $533 Million (a 118.86% increase from previous year)
  • Annual Working Capital for 2018 was $244 Million (a -4.52% decrease from previous year)
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Historical Working Capital of Washington Trust Bancorp, Inc.

Most recent Working Capitalof WASH including historical data for past 10 years.

Interactive Chart of Working Capital of Washington Trust Bancorp, Inc.

Washington Trust Bancorp, Inc. Working Capital for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 $37.41 $233.82 $412.1 $579.44 $37.41
2019 $533.39 $355.72 $358.13 $312.73 $533.39
2018 $243.71 $213.77 $312.34 $212.38 $243.71
2017 $255.26 $298.35 $304.97 $222.24 $255.26
2016 $324.98 $292.67 $424.18 $259.0 $324.98
2015 $187.99 $228.36 $283.36 $205.79 $187.99
2014 $202.48 $32.87 $139.35 $-21.53 $202.48
2013 $26.63 $23.96 $165.04 $101.2 $26.63
2012 $93.21 $80.23 $147.09 $80.35 $93.21
2011 $98.4 $62.42 $112.33 $29.08 $98.4
2010 $37.36 $-2.28 $34.43 $37.36

Business Profile of Washington Trust Bancorp, Inc.

Sector: Financial Services
Industry: Banks—Regional
Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that offers various banking and financial services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment provides various commercial and retail lending products, which include commercial real estate loans consisting of commercial mortgages and construction loans; commercial and industrial loans; residential real estate loans consists of mortgage and homeowner construction loans; and consumer loans comprising home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft. This segment also offers deposit accounts, including interest-bearing and noninterest-bearing demand deposits, NOW and savings accounts, money market and retirement deposit accounts, and time deposits, as well as debit card, automated teller machine, telephone banking, internet banking, mobile banking, remote deposit capture, and other cash management services. The Wealth Management Services segment provides investment management; financial planning; personal trust and estate services, such as trustee, personal representative, custodian, and guardian; and settlement of decedents' estates, as well as institutional trust services comprising custody and fiduciary services. This segment serves personal and institutional clients. The company also operates as a licensed broker-dealer that offers variable annuities and college savings plans. As of December 31, 2020, it had 10 branch offices located in southern Rhode Island; 12 branch offices located in the greater Providence area in Rhode Island; and 1 branch office located in southeastern Connecticut. Washington Trust Bancorp, Inc. was founded in 1800 and is headquartered in Westerly, Rhode Island.