American Water Works (AWK)

Quick ratio

		Dec 31, 2024	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
Cash	US$ in thousands	96,000	127,000	48,000	584,000	330,000	628,000	794,000	213,000	85,000	77,000	71,000	75,000	116,000	70,000	70,000	69,000	547,000	560,000	569,000	556,000
Short-term investments	US$ in thousands	—	76,000	76,000	72,000	62,000	72,000	69,000	64,000	67,000	23,000	25,000	19,000	17,000	14,000	17,000	16,000	11,000	18,000	14,000	10,000
Receivables	US$ in thousands	756,000	770,000	747,000	665,000	727,000	754,000	757,000	703,000	723,000	631,000	667,000	520,000	519,000	597,000	565,000	493,000	527,000	559,000	505,000	464,000
Total current liabilities	US$ in thousands	3,150,000	2,132,000	1,825,000	1,857,000	2,151,000	1,743,000	1,764,000	1,892,000	2,811,000	2,130,000	1,728,000	1,648,000	2,141,000	1,844,000	1,710,000	2,451,000	2,881,000	2,260,000	2,113,000	2,767,000
Quick ratio		0.27	0.46	0.48	0.71	0.52	0.83	0.92	0.52	0.31	0.34	0.44	0.37	0.30	0.37	0.38	0.24	0.38	0.50	0.51	0.37

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($96,000K + $—K + $756,000K) ÷ $3,150,000K
= 0.27

The quick ratio of American Water Works has fluctuated over the analyzed periods, ranging from a low of 0.24 to a high of 0.92. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its most liquid assets. The quick ratio increased significantly in June 2023, indicating a stronger ability to cover immediate liabilities with quick assets. However, this was followed by a decline in the ratio in December 2023, showing potential challenges in meeting short-term obligations. Overall, the trend in the quick ratio of American Water Works reflects fluctuations in its liquidity position over time.