Atmos Energy Corporation (ATO)
Current ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,132,310 | 1,708,560 | 1,432,440 | 1,679,720 | 885,768 | 888,926 | 1,073,110 | 3,627,760 | 3,047,690 | 3,281,850 | 3,529,000 | 3,274,200 | 2,838,720 | 1,115,370 | 1,620,430 | 1,192,290 | 471,258 | 602,159 | 829,561 | 812,129 |
| Total current liabilities | US$ in thousands | 1,205,880 | 984,926 | 1,055,180 | 1,170,480 | 1,352,590 | 1,034,320 | 1,113,000 | 3,531,890 | 3,602,600 | 3,259,120 | 3,208,420 | 3,426,490 | 3,510,360 | 1,062,520 | 871,299 | 797,839 | 782,401 | 702,686 | 933,390 | 845,172 |
| Current ratio | 0.94 | 1.73 | 1.36 | 1.44 | 0.65 | 0.86 | 0.96 | 1.03 | 0.85 | 1.01 | 1.10 | 0.96 | 0.81 | 1.05 | 1.86 | 1.49 | 0.60 | 0.86 | 0.89 | 0.96 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,132,310K ÷ $1,205,880K
= 0.94
The current ratio of Atmos Energy Corporation has fluctuated over the past few years, indicating varying levels of liquidity and ability to meet short-term obligations. As of September 30, 2024, the current ratio stands at 0.94, showing that the company may have difficulties meeting its current liabilities with its current assets alone.
Looking back at the trend, there have been periods when the current ratio was below 1, such as in September 2023 and December 2020. This suggests potential liquidity challenges during those periods. On the other hand, there were periods, like June 2021 and March 2021, where the current ratio was relatively high, indicating improved liquidity positions.
Overall, it is important for Atmos Energy Corporation to carefully manage its current assets and liabilities to ensure a healthy current ratio above 1, which is typically considered a safer level of liquidity. Monitoring and improving the current ratio can help the company maintain financial stability and meet its short-term obligations effectively.
Peer comparison
Sep 30, 2024