Atmos Energy Corporation (ATO)
Current ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 458,031 | 503,534 | 671,181 |
| Total current liabilities | US$ in thousands | 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 | 1,209,440 | 901,374 | 864,139 |
| Current ratio | 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 | 0.38 | 0.56 | 0.78 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,679,720K ÷ $1,170,480K
= 1.44
The current ratio of Atmos Energy Corp. has exhibited some fluctuations over the past few quarters. In Q1 2024, the current ratio stood at 1.44, indicating a strong ability to cover its short-term obligations with current assets. This was a significant improvement from the previous quarter (Q4 2023), where the ratio was 0.65, suggesting potential liquidity concerns.
The current ratio was relatively lower in Q3 2023 and Q2 2023, at 0.86 and 0.96 respectively, but improved in Q1 2023 to 1.03. However, in Q4 2022, the ratio dropped to 0.85, signaling a possible strain on short-term liquidity.
Looking further back, in Q3 and Q2 2022, the current ratio was strong at 1.01 and 1.10, indicating a healthy liquidity position.
Overall, while the current ratio has shown some variability, it seems that in Q1 2024, Atmos Energy Corp. had a healthier liquidity position compared to the recent previous quarters. It is important for the company to maintain a sufficient current ratio to meet its short-term financial obligations and manage liquidity effectively.
Peer comparison
Dec 31, 2023