American States Water Company (AWR)

Cash 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 and cash equivalents	US$ in thousands	26,661	16,469	3,583	17,007	14,073	8,604	1,026	2,126	5,997	2,258	10,825	10,126	4,963	7,141	5,359	6,951	36,737	8,127	6,496	429
Short-term investments	US$ in thousands	—	—	—	—	—	1,525	4,657	6,669	11,847	7,569	1,116	7,020	4,441	—	1,188	1,206	1,224	1,242	—	—
Total current liabilities	US$ in thousands	285,525	321,432	299,118	178,577	166,623	195,007	140,930	307,690	396,522	373,179	348,736	160,154	155,574	151,120	111,351	113,010	118,572	113,456	158,687	132,520
Cash ratio		0.09	0.05	0.01	0.10	0.08	0.05	0.04	0.03	0.05	0.03	0.03	0.11	0.06	0.05	0.06	0.07	0.32	0.08	0.04	0.00

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($26,661K + $—K) ÷ $285,525K
= 0.09

The cash ratio of American States Water Company has exhibited slight fluctuations over the specified time period, ranging from 0.00 to 0.32. The ratio provides insight into the company's ability to cover its short-term liabilities using its cash and cash equivalents.

The company experienced a notable increase in its cash ratio from December 31, 2020, where it reached its peak at 0.32, indicating a strong liquidity position at that time. Subsequently, the ratio fluctuated, demonstrating variances in the company's cash reserves relative to its short-term obligations.

As of December 31, 2024, the cash ratio stood at 0.09, suggesting that the company had sufficient liquid assets to cover approximately 9% of its current liabilities. It is essential for stakeholders to monitor this ratio to assess the company's ability to meet its short-term financial obligations as well as its overall liquidity health.